Shell plc (LON:SHEL) Receives Average Rating of “Buy” from Analysts

Shell plc (LON:SHEL) has received an average rating of “Buy” from the six brokerages that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 3,366.67 ($42.31).

A number of research analysts have weighed in on SHEL shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,200 ($40.22) price target on shares of Shell in a research note on Monday, December 16th. Bank of America reiterated a “buy” rating and issued a GBX 3,400 ($42.73) target price on shares of Shell in a research note on Wednesday, September 4th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a research note on Tuesday, September 24th.

Shell Stock Down 0.5 %

SHEL stock opened at GBX 2,394.50 ($30.09) on Monday. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 40.32. The company’s 50-day moving average price is GBX 2,532.36 and its 200 day moving average price is GBX 2,645.34. Shell has a 52 week low of GBX 2,345 ($29.47) and a 52 week high of GBX 2,961 ($37.21). The company has a market cap of £147.98 billion, a P/E ratio of 1,113.72, a P/E/G ratio of 2.50 and a beta of 0.51.

Shell Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, December 19th. Stockholders of record on Thursday, November 14th were given a $0.34 dividend. This represents a dividend yield of 1.06%. The ex-dividend date was Thursday, November 14th. Shell’s dividend payout ratio (DPR) is 4,883.72%.

About Shell

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.