RBC Capital Remains Bullish on Shell PLC (SHEL)

Shell PLC (NYSE:SHEL) is one of the 10 Undervalued European Stocks to Invest in Now. On June 9, RBC Capital analyst Biraj Borkhataria maintained a Buy rating on Shell PLC (NYSE:SHEL) and set a price target of £38.00.

The company’s fiscal Q1 2025 attracted positive investor sentiment with strong performance across the business, reporting adjusted earnings of $5.6 billion. CFFO, excluding working capital for the quarter, reached $11.9 billion while working capital outflow was $2.7 billion.

Shell PLC (NYSE:SHEL) also strengthened its optimization and LNG trading capabilities through the acquisition of Pavilion Energy and high-graded its portfolio by completing divestments of the Singapore Energy and Chemicals Park, and SPDC in Nigeria.

The company is commencing another share buyback program of $3.5 billion for three months, making fiscal Q1 2025 the 14th consecutive quarter of at least $3 billion in buybacks.

Headquartered in London, Shell plc (NYSE:SHEL) produces oil and natural gas. The company’s operations are divided into the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate.

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