Summary:
- Shell to amend U.S. financial filings due to audit compliance issues.
- Analysts set an average price target of $75.60 for Shell, marking a potential 6.20% upside.
- Current brokerage recommendations lean towards "Outperform" for Shell stock.
Shell PLC (SHEL) has recently announced its intention to revise its U.S. financial filings from the previous two years. This amendment is necessary after an audit by Ernst & Young uncovered non-compliance with the SEC's audit partner rotation rules. Importantly, while the company addresses these compliance issues, Shell's previously issued financial statements will not undergo changes, but new U.S. audit opinions will be provided instead.
Analyst Price Targets and Recommendations
According to data from 13 analysts, Shell PLC's stock is projected to reach an average price target of $75.60 over the next year. The forecasts range from a high of $88.00 to a low of $39.81. This average target suggests a potential upside of 6.20% from the current trading price of $71.19. Investors seeking more detailed forecasting can visit the Shell PLC (SHEL, Financial) Forecast page.
When assessing brokerage firm recommendations, 15 firms collectively rate Shell PLC stock with an average score of 1.9, indicating an "Outperform" status. This rating is part of a scale where "1" represents a Strong Buy and "5" indicates a Sell recommendation, highlighting the positive sentiment among the analyst community.
Understanding Shell's GF Value
In terms of valuation, GuruFocus estimates suggest a GF Value for Shell stock at $65.69 in one year, indicating a potential downside of 7.73% from its current price of $71.19. The GF Value represents GuruFocus' fair value assessment, rooted in historical stock trading multiples, past business growth, and anticipated future performance of the company. For an in-depth analysis, investors can explore the Shell PLC (SHEL, Financial) Summary page.
