Shell plc (NYSE:SHEL) Receives Average Rating of “Buy” from Brokerages

Shell plc (NYSE:SHELGet Free Report) has been given a consensus recommendation of “Buy” by the twelve research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $79.69.

SHEL has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Shell from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $66.50 to $79.80 in a research report on Tuesday, January 7th. Wolfe Research upgraded Shell from a “peer perform” rating to an “outperform” rating and set a $80.00 target price for the company in a research note on Friday, January 3rd. Piper Sandler lowered their target price on Shell from $82.00 to $72.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company lowered their target price on Shell from $87.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, UBS Group upgraded Shell from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 8th.

Get Our Latest Analysis on Shell

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Coronation Fund Managers Ltd. raised its stake in shares of Shell by 7.6% in the second quarter. Coronation Fund Managers Ltd. now owns 15,201 shares of the energy company’s stock worth $1,097,000 after purchasing an additional 1,068 shares during the last quarter. Hsbc Holdings PLC raised its stake in shares of Shell by 46.0% in the second quarter. Hsbc Holdings PLC now owns 42,220 shares of the energy company’s stock worth $3,048,000 after purchasing an additional 13,299 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Shell by 13.2% in the second quarter. AE Wealth Management LLC now owns 12,106 shares of the energy company’s stock worth $874,000 after purchasing an additional 1,416 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Shell by 147.8% in the second quarter. Marshall Wace LLP now owns 152,146 shares of the energy company’s stock worth $10,982,000 after purchasing an additional 90,746 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Shell by 74.8% in the second quarter. Cubist Systematic Strategies LLC now owns 96,362 shares of the energy company’s stock worth $6,955,000 after purchasing an additional 41,231 shares during the last quarter. Hedge funds and other institutional investors own 28.60% of the company’s stock.

Shell Price Performance

Shares of SHEL stock opened at $66.60 on Friday. The firm has a market cap of $203.62 billion, a P/E ratio of 13.70, a P/E/G ratio of 5.89 and a beta of 0.55. Shell has a fifty-two week low of $60.15 and a fifty-two week high of $74.61. The business’s 50 day moving average price is $64.18 and its 200-day moving average price is $67.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.40.

Shell (NYSE:SHELGet Free Report) last issued its quarterly earnings data on Thursday, January 30th. The energy company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Shell had a return on equity of 14.54% and a net margin of 5.17%. On average, equities research analysts anticipate that Shell will post 8.16 earnings per share for the current year.

About Shell

(Get Free Report

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.

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Analyst Recommendations for Shell (NYSE:SHEL)

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