Piper Sandler Raises Shell (SHEL) Price Target to $90, Maintains Overweight Rating
Shell plc (NYSE:SHEL) is included among the 12 Best European Dividend Stocks to Buy Now.
On November 10, Piper Sandler raised its price target on Shell plc (NYSE:SHEL) to $90 from $87 and maintained an Overweight rating on the shares, according to a report by The Fly. The firm noted that while investor sentiment remains cautious due to concerns about the near-term outlook for crude oil, Shell’s Q3 results demonstrate the company’s strong positioning within the energy sector.
In the third quarter of 2025, Shell plc (NYSE:SHEL) reported revenue of $68.15 billion, down more than 4% from the same period last year and missing analysts’ estimates by over $3.5 billion. Despite this, the company maintained a solid cash position, generating $12.2 billion in cash flow from operating activities, primarily driven by adjusted EBITDA.
Total shareholder distributions for the quarter amounted to $5.7 billion, including $3.6 billion in share repurchases and $2.1 billion in dividends. Earlier in November, Shell plc (NYSE:SHEL) also announced plans to invest approximately $1 billion in new oil blocks in Angola, as the country seeks to increase production that has declined in recent years, according to the chairman of the oil regulator.
Shell plc (NYSE:SHEL) is a global energy and petrochemical company, providing fuel for transport, aviation, and industry, as well as lubricants, chemicals, and a wide range of other energy solutions.
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