Brokerages Set Shell plc (LON:SHEL) PT at GBX 3,325

Shares of Shell plc (LON:SHEL) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 3,325 ($43.04).

SHEL has been the topic of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,200 ($41.42) price objective on shares of Shell in a research report on Monday, December 16th. JPMorgan Chase & Co. raised their target price on Shell from GBX 3,200 ($41.42) to GBX 3,300 ($42.71) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 3,250 ($42.07) price target on shares of Shell in a research report on Wednesday, February 19th.

Shell Stock Down 1.0 %

Shares of SHEL opened at GBX 2,794 ($36.16) on Wednesday. Shell has a 52-week low of GBX 2,374.50 ($30.73) and a 52-week high of GBX 2,961 ($38.33). The stock has a market cap of £210.40 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The firm’s fifty day moving average is GBX 2,659.15 and its two-hundred day moving average is GBX 2,581.93.

Insider Activity

In other news, insider Wael Sawan acquired 29,479 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of GBX 2,630 ($34.04) per share, with a total value of £775,297.70 ($1,003,491.72). Company insiders own 0.07% of the company’s stock.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.