Is Shell Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NYSE: SHEL) stock is to Strong Buy SHEL stock.
Out of 2 analysts, 2 (100%) are recommending SHEL as a Strong Buy, 0 (0%) are recommending SHEL as a Buy, 0 (0%) are recommending SHEL as a Hold, 0 (0%) are recommending SHEL as a Sell, and 0 (0%) are recommending SHEL as a Strong Sell.
What is SHEL's forecast return on equity (ROE) for 2023-2024?
(NYSE: SHEL) forecast ROE is 29.68%, which is considered strong.
What is SHEL's Price Target?
According to 2 Wall Street analysts that have issued a 1 year SHEL price target, the average SHEL price target is $72.00, with the highest SHEL stock price forecast at $77.00 and the lowest SHEL stock price forecast at $67.00.
On average, Wall Street analysts predict that Shell's share price could reach $72.00 by Jun 15, 2024. The average Shell stock price prediction forecasts a potential upside of 10.89% from the current SHEL share price of $64.93.
What is SHEL's forecast return on assets (ROA) for 2023-2024?
(NYSE: SHEL) forecast ROA is 12.76%, which is lower than the forecast US Oil & Gas Integrated industry average of 14.94%.
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