Shell Plc ADR. (NYSE:SHEL) Forecast To Rise 19.01% To Reach Consensus Target Price

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Shell Plc ADR (NYSE:SHEL) has a beta value of 0.57 and has seen 1.91 million shares traded in the recent trading session. The company, currently valued at $214.63B, closed the recent trade at $68.84 per share which meant it lost -$0.54 on the day or -0.78% during that session. The SHEL stock price is -8.38% off its 52-week high price of $74.61 and 12.35% above the 52-week low of $60.34. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.93 million shares traded. The 3-month trading volume is 3.35 million shares.

The consensus among analysts is that Shell Plc ADR (SHEL) is Buy stock at the moment, with a recommendation rating of 1.59. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.83.

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Shell Plc ADR (NYSE:SHEL) trade information

Sporting -0.78% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SHEL stock price touched $68.84 or saw a rise of 5.11%. Year-to-date, Shell Plc ADR shares have moved 4.62%, while the 5-day performance has seen it change -5.23%. Over the past 30 days, the shares of Shell Plc ADR (NYSE:SHEL) have changed -1.64%. Short interest in the company has seen 6.83 million shares shorted with days to cover at 1.9.

Wall Street analysts have a consensus price target for the stock at $85, which means that the shares’ value could jump 19.01% from the levels at last check today. The projected low price target is $79.0 while the price target rests at a high of $90.0. In that case, then, we find that the latest price level in today’s session is -30.74% off the targeted high while a plunge would see the stock gain -14.76% from the levels at last check today.

Shell Plc ADR (SHEL) estimates and forecasts

Figures show that Shell Plc ADR shares have outperformed across the wider relevant industry. The company’s shares have gained 9.50% over the past 6 months, with this year growth rate of 1.67%, compared to -5.30% for the industry. Revenue growth from the last financial year stood is estimated to be -9.70%.

2 analysts offering their estimates for the company have set an average revenue estimate of 61.63B for the current quarter. 2 have an estimated revenue figure of 60.12B for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 0.39% over the past 5 years. Earnings growth for 2024 is a modest 0.50% while over the next 5 years, the company’s earnings are expected to increase by 4.00%.

SHEL Dividends

Shell Plc ADR is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 2.73 at a share yield of 3.96%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.74%.

Shell Plc ADR (NYSE:SHEL)’s Major holders

Insiders own 0.01% of the company shares, while shares held by institutions stand at 11.69% with a share float percentage of 11.69%. Investors are also buoyed by the number of investors in a company, with Shell Plc ADR having a total of 1558.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 62.04 million shares worth more than $4.48 billion. As of 2024-06-30, FMR LLC held 1.9268% of shares outstanding.

The other major institutional holder is FISHER ASSET MANAGEMENT, LLC, with the holding of over 24.02 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.73 billion and represent 0.7461% of shares outstanding.