---
title: "Weekly Recap | Shell this week, most brokers rate it buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300851643.md"
description: "Shell (SHEL) closed the week at $96.23, up from the prior Friday’s $95.61. The S&P 500 slipped 0.27% over the same period, so Shell held up better than the broad market. Daily trading ranged from $94.97 to $96.38 through Monday to Friday, a session of narrow, rangebound moves."
datetime: "2026-10-03T07:40:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300851643.md)
  - [en](https://longbridge.com/en/news/300851643.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300851643.md)
generator: "portal-rs"
---

# Weekly Recap | Shell this week, most brokers rate it buy

## The Week

Shell (SHEL) closed the week at $96.23, up from the prior Friday’s $95.61. The S&P 500 slipped 0.27% over the same period, so Shell held up better than the broad market. Daily trading ranged from $94.97 to $96.38 through Monday to Friday, a session of narrow, rangebound moves.

## Key Events

The main storyline this week was Shell’s LNG business. On Monday, a Kkb Engineering unit received a letter of award from Sarawak Shell for an EPC offshore structures project. On Tuesday, the Shell-led LNG Canada partnership approved the Phase 2 expansion following a final investment decision, doubling export capacity; Goldman Sachs also kept its buy rating on Shell (UK). Earlier in the week, Shell executives acquired dividend shares worth about EUR 157,000, GBP 211,000 and USD 1,770.

## Analyst Ratings

Sixteen firms currently cover Shell, with six rating it strong buy, one overweight and nine hold; there are no underweight or sell ratings. The consensus rating is buy, and the consensus target price is $103.81, about 7.88% above the latest price. Individual targets range from $83 to $123, a fairly wide spread. Within the integrated oil and gas industry, Shell ranks 8th out of 15 companies.

## The Week Ahead

Next week brings the S&P Global services PMI final and ISM non-manufacturing PMI on 5 October, US international trade data on 6 October, and EIA weekly crude and Cushing inventories on 7 October. Shell’s next major release is its Q3 2026 results, scheduled for 29 October before the open, with the market expecting EPS of $3.215.

## In Short

The rating picture this week leans constructive, with a buy consensus and a target above spot, but the gap between the lowest and highest targets is $40, which points to real disagreement. Valuation sits at 10.62x P/E and 1.52x P/B. On the latest trading day, large-lot money was a net seller of roughly $1.86m. The next question is whether the LNG Canada Phase 2 expansion feeds through into revenue expectations, and how oil prices and macro data reshape the valuation view.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

### Related Stocks

- [SHEL.US](https://longbridge.com/en/quote/SHEL.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**