Shell Plc: Boosting Dividends and Share Buybacks to Reassure Investors

Shell PLC ADR Stock Forecast:

According to 11 analysts, the average target price for Shell PLC ADR stock over the next 12 months is USD 72.33. The analysts’ average rating for the stock is Buy. However, Stock Target Advisor‘s analysis suggests a slightly bearish outlook for Shell PLC ADR, based on 4 positive signals and 8 negative signals. The stock’s closing price was USD 58.39, which indicates a change of +1.20% over the past week. Over the past month, the stock price has decreased by -3.26%, but it has shown a positive change of +4.42% over the last year.

Shell Plc. News:

Shell Plc recently announced its plans to ramp up dividends and share buybacks, while maintaining steady oil production until 2030. The move comes as CEO Wael Sawan seeks to regain investor confidence, which has wavered amid uncertainties surrounding the company’s energy transition plan. This new financial framework, unveiled ahead of an investor conference in New York, aims to increase overall shareholder distribution from 20% to 30% of cash flow from operations, reaching up to 40%.

The energy industry is undergoing a significant transformation as the world transitions to cleaner and more sustainable sources of energy. Shell, like many other oil companies, is grappling with the challenge of aligning its operations with global efforts to combat climate change and reduce greenhouse gas emissions. The company has set ambitious targets to become a net-zero emissions energy business by 2050 or sooner, with plans to reduce its carbon intensity by 6% to 8% by 2023 and 20% by 2030.

Analysts Coverage Change:

This week Piper Jaffray Companies maintained Shell Plc. with an Overweight rating and lowers the target price to $67 from $75.

SHEL Ratings by Stock Target Advisor

FA Score (Fundamental Analysis):

The fundamental analysis of Shell Plc. is “Slightly Bearish” with a FA score of 3.3out of 10,where 0 is very bearish and 10 is very bullish.

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