Shell plc (LON:SHEL) Given Average Rating of “Buy” by Brokerages

Shares of Shell plc (LON:SHEL) have been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 3,350 ($40.90).

SHEL has been the subject of several analyst reports. JPMorgan Chase & Co. upped their price objective on Shell from GBX 3,200 ($39.07) to GBX 3,300 ($40.29) and gave the stock an “overweight” rating in a research report on Tuesday. Jefferies Financial Group restated a “buy” rating and issued a GBX 3,200 ($39.07) target price on shares of Shell in a report on Monday, December 16th.

Shell Stock Up 0.4 %

Shares of LON SHEL opened at GBX 2,672.98 ($32.63) on Friday. Shell has a 12-month low of GBX 2,345 ($28.63) and a 12-month high of GBX 2,961 ($36.15). The stock has a market cap of £165.19 billion, a P/E ratio of 1,243.25, a PEG ratio of 2.50 and a beta of 0.51. 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 business’s fifty day simple moving average is GBX 2,529.70 and its 200-day simple moving average is GBX 2,620.92.

Shell Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, November 14th were given a $0.34 dividend. The ex-dividend date was Thursday, November 14th. This represents a yield of 1.06%. 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.