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

Shell plc (LON:SHEL) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 3,366.67 ($41.43).

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a research note on Tuesday, September 24th. Jefferies Financial Group reissued a “buy” rating and set a GBX 3,200 ($39.37) price target on shares of Shell in a research note on Monday, December 16th.

Shell Stock Up 1.3 %

SHEL stock opened at GBX 2,613.50 ($32.16) on Friday. The company has a debt-to-equity ratio of 40.32, a current ratio of 1.41 and a quick ratio of 0.87. The company’s 50 day simple moving average is GBX 2,522.23 and its 200-day simple moving average is GBX 2,624.61. Shell has a 12 month low of GBX 2,345 ($28.85) and a 12 month high of GBX 2,961 ($36.43). The firm has a market capitalization of £161.51 billion, a PE ratio of 1,215.58, a P/E/G ratio of 2.50 and a beta of 0.51.

Shell Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, November 14th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a dividend yield of 1.06%. Shell’s payout ratio is currently 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.