- Shell (SHEL, Financial) advances its Aphrodite gas project, targeting production by 2027.
- Analysts forecast a potential 11.69% upside for Shell, with a target price of $75.91.
- Shell is rated as "Outperform" by brokerage firms, signifying growth prospects.
Shell (SHEL) is pushing ahead with its strategic Aphrodite gas project located off the coast of Trinidad. With an ambitious timeline, the company expects gas production to commence by 2027. This development is poised to bolster the output of the Atlantic LNG plant, effectively mitigating current natural gas shortages and strengthening Shell's footprint in the regional gas market.
Wall Street Analysts' Forecast
In terms of price projections, 14 analysts have proposed a one-year average target price for Shell PLC (SHEL, Financial) at $75.91. While optimism peaks with a high estimate of $90.00, the lowest estimate stands at $39.07. This average target indicates a potential upside of 11.69% compared to the current price of $67.97. For more granular estimate data, explore the Shell PLC (SHEL) Forecast page.
Within industry circles, Shell PLC (SHEL, Financial) is currently enjoying an average brokerage recommendation of 1.8 from 15 brokerage firms, denoting an "Outperform" rating. This ranking is determined on a scale from 1 to 5, where a value of 1 symbolizes a Strong Buy and a 5 indicates a Sell.
According to GuruFocus estimates, the projected GF Value for Shell PLC (SHEL, Financial) in the upcoming year is pegged at $63.61, reflecting a potential downside of 6.41% from the present price of $67.965. The GF Value represents GuruFocus' assessment of the stock's fair trading value, derived from its historical trading multiples, past business growth, and future business performance projections. For a deeper dive into the metrics, check out the Shell PLC (SHEL) Summary page.
