Key Takeaways:
- Shell (SHEL, Financial) denies any merger discussions with BP, dismissing them as speculative.
- Analysts predict an average price target of $74.89 for Shell, indicating a potential upside.
- Shell currently holds an "Outperform" rating based on brokerage consensus.
Shell PLC (SHEL) has addressed recent rumors, firmly denying any ongoing merger talks with BP. Speculation about a potential merger surfaced, but Shell has clarified these reports as speculative and unfounded. A merger of this magnitude would potentially boost Shell's standing among top competitors such as Exxon Mobil and Chevron.
Analyst Price Targets for Shell
Thirteen Wall Street analysts have offered their one-year price targets for Shell PLC (SHEL, Financial), with an average target price of $74.89. This estimate ranges widely, with a high of $88.00 and a low of $38.91, suggesting a potential upside of 7.57% from Shell's current trading price of $69.62. For further insights, visit the Shell PLC (SHEL) Forecast page.
Brokerage Recommendations
Shell PLC (SHEL, Financial) currently boasts an average brokerage recommendation of 1.9 from 15 firms, signifying an "Outperform" rating. The rating system ranges from 1, indicating a Strong Buy, to 5, which denotes a Sell.
GF Value Assessment
According to GuruFocus estimates, the GF Value for Shell PLC (SHEL, Financial) over the next year is $64.00. This assessment reveals a potential downside of 8.07% from the current price of $69.62. The GF Value reflects the fair price the stock should trade at, which is derived from historical trading multiples, past performance growth, and future business performance predictions. To explore detailed data, check the Shell PLC (SHEL) Summary page.
