Shell (SHEL) Stock Forecast & Price Target

$68.27

-1.96 (-2.79%)

(As of 10/8/2024 ET)

Shell - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
3

Buy
6

Based on 9 Wall Street analysts who have issued ratings for Shell in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 3 have given a hold rating, 4 have given a buy rating, and 2 have given a strong buy rating for SHEL.

Consensus Price Target

$84.50
23.77% Upside

According to the 9 analysts' twelve-month price targets for Shell, the average price target is $84.50. The highest price target for SHEL is $90.00, while the lowest price target for SHEL is $79.00. The average price target represents a forecasted upside of 23.77% from the current price of $68.27.

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SHEL Analyst Ratings Over Time

Type	Current Forecast 10/9/23 to 10/8/24	1 Month Ago 9/9/23 to 9/8/24	3 Months Ago 7/11/23 to 7/10/24	1 Year Ago 10/9/22 to 10/9/23
Strong Buy	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$84.50	$85.00	$83.33	$67.00
Forecasted Upside	23.77% Upside	27.04% Upside	14.26% Upside	1.32% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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SHEL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SHEL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Shell Stock vs. The Competition

Type	Shell	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.89	2.62	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	23.88% Upside	71.48% Upside	7.88% Upside
News Sentiment Rating	Neutral News See Recent SHEL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/8/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$84.00 ➝ $88.00	+26.73%
10/2/2024	Citigroup 3 of 5 stars	A. Syme Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
10/2/2024	Barclays 3 of 5 stars	L. Rainforth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/5/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	H. Tarr Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
7/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Borkhataria Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
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7/12/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$95.00 ➝ $90.00	+23.15%
6/6/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$77.00 ➝ $79.00	+12.73%
5/3/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$74.00 ➝ $81.00	+11.91%
12/13/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
6/21/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight
6/13/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$75.00 ➝ $67.00	+15.89%
2/28/2023	AlphaValue Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce
2/27/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
12/6/2022	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,761 ➝ GBX 2,987
12/2/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,900 ➝ GBX 2,950
10/24/2022	Grupo Santander Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:18 PM ET.

Should I Buy Shell Stock? SHEL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 6, 2024. Please send any questions or comments about these Shell pros and cons to contact@marketbeat.com.

Shell
Bull Case

Here are some ways that investors could benefit from investing in Shell:

Shell's stock price has a potential upside of 27.06% from the current price, according to Wells Fargo & Company analysts.
Recent analyst reports have upgraded Shell to a "strong-buy" and "moderate buy" ratings, indicating positive sentiment from experts.
Shell has a market capitalization of $209.04 billion, showcasing its strong position in the energy sector.
Institutional investors have been making significant purchases of Shell stock, indicating confidence in the company's future performance.
Shell's current price-to-earnings ratio of 12.20 suggests the stock may be undervalued compared to its earnings potential.

Shell
Bear Case

Investors should be bearish about investing in Shell for these reasons:

Analysts at Wells Fargo & Company have recently cut Shell's price target from $88.00 to $84.00, indicating a potential downside in the short term.
Despite some positive ratings, there are still two analysts who have rated Shell with a hold recommendation, suggesting uncertainty in the stock's performance.
Shell's debt-to-equity ratio of 0.35 may raise concerns about the company's financial leverage and ability to manage debt effectively.
The stock's beta of 0.57 indicates that Shell's price is less volatile than the market average, potentially limiting short-term trading opportunities.
Shell's one year high of $74.61 may act as a resistance level, making it challenging for the stock to surpass this price in the near future.

SHEL Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Shell is $84.50, with a high forecast of $90.00 and a low forecast of $79.00.
: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shell in the last year. There are currently 3 hold ratings, 4 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SHEL shares.
: According to analysts, Shell's stock has a predicted upside of 23.77% based on their 12-month stock forecasts.
: Over the previous 90 days, Shell's stock had 4 upgrades by analysts.
: Shell has been rated by research analysts at Barclays, Berenberg Bank, Citigroup, Royal Bank of Canada, Scotiabank, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Shell more than other "oils/energy" companies. The consensus rating score for Shell is 2.89 while the average consensus rating score for "oils/energy" companies is 2.62. Learn more on how SHEL compares to other companies.