Brokerages Set Shell plc (LON:SHEL) Target Price at GBX 3,086

Shares of Shell plc (LON:SHEL) have been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have covered the stock in the last year is GBX 3,086 ($38.42).

SHEL has been the topic of several analyst reports. Barclays reiterated an “overweight” rating and set a GBX 3,800 ($47.30) price target on shares of Shell in a research note on Monday, April 8th. Royal Bank of Canada restated an “outperform” rating and set a GBX 3,000 ($37.35) target price on shares of Shell in a research note on Monday, April 8th. Berenberg Bank lowered their target price on shares of Shell from GBX 3,000 ($37.35) to GBX 2,950 ($36.72) and set a “buy” rating on the stock in a research note on Friday, February 16th. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Shell in a research note on Tuesday, February 20th.

Insider Buying and Selling

In other news, insider Charles Roxburgh purchased 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average cost of GBX 2,552 ($31.77) per share, with a total value of £76,560 ($95,306.86). In related news, insider Sinead Gorman acquired 18,276 shares of the stock in a transaction on Monday, February 26th. The stock was bought at an average cost of GBX 2,494 ($31.05) per share, with a total value of £455,803.44 ($567,413.72). Also, insider Charles Roxburgh acquired 3,000 shares of the stock in a transaction on Friday, March 15th. The stock was bought at an average cost of GBX 2,552 ($31.77) per share, with a total value of £76,560 ($95,306.86). 0.13% of the stock is owned by corporate insiders.

Shell Trading Down 1.9 %

Shares of Shell stock opened at GBX 2,834.50 ($35.29) on Friday. The company’s fifty day simple moving average is GBX 2,582.38 and its 200-day simple moving average is GBX 2,573.42. The stock has a market capitalization of £181.97 billion, a PE ratio of 1,254.20, a P/E/G ratio of 3.14 and a beta of 0.57. Shell has a 1-year low of GBX 2,214 ($27.56) and a 1-year high of GBX 2,952 ($36.75). The company has a debt-to-equity ratio of 43.34, a current ratio of 1.40 and a quick ratio of 0.87.

Shell Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 25th. Investors of record on Thursday, February 15th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Shell’s previous dividend of $0.33. This represents a dividend yield of 1.11%. Shell’s payout ratio is currently 4,778.76%.

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.