Shell price target trimmed to $96.85, still implying 18% upside

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Shell price target trimmed to $96.85, still implying 18% upside
PrimeXBT Editorial Team
Reviewed by PrimeXBT

Analysts trimmed Shell PLC's 12-month average price target to $96.85 from $97.8, yet the new figure still points to roughly 18% upside from the July 8 close. Coverage stays positive, with a consensus "Buy" rating across 30 analysts and no sell calls.

Analysts covering Shell PLC nudged their average 12-month price target down to $96.85 from $97.8. Even after the cut, the target implies approximately 18% potential upside from the stock's July 8 closing level.

The average draws on estimates from 12 analysts, and their individual forecasts spread widely. The range runs from $59 to $120.6 per share. That spread shows how far one stock valuation can sit from the next on the same oil major.

Consensus holds at Buy

The rating picture stayed steadier than the target. Across 30 analysts covering the stock, the consensus reading remains "Buy." That group breaks down into 16 Buys, 14 Holds and no Sells, so not a single analyst in the set recommends exiting the shares.

The reference data behind these figures comes from FactSet. The report also notes the numbers are not a personal recommendation and do not constitute investment advice.

Source: TradingView

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