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Research Alert: CFRA Maintains Hold Opinion On Shell
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Research Alert: CFRA Maintains Hold Opinion On Shell
Oct 30, 2025 9:35 AM

12:25 PM EDT, 10/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month target price at USD81, based on a rolled-forward 2026 P/E of 12.6x, which reflects 0.25 standard deviation above its 10-year average of 11.5x given Shell's large scale of integrated operation, with its downstream division being able to partially cushion the impact of potentially lower crude oil prices next year. Shell's 9M 2025 adjusted net profit of USD15.3B (-24% Y/Y) came in ahead of expectations, representing 81% of our 2025 forecast and 80% of the Street's, with Q3 2025 rising 27% sequentially to USD5.4B from USD4.3B in Q2 2025. We raise our EPS forecasts to USD6.86 (USD6.40) for 2025 and USD6.45 (USD6.20) for 2026 on higher refining and chemical margin assumptions. Our rating remains Hold as we expect continued share price consolidation following the recent crude oil price rebound, which benefited from the stock's fairly strong positive correlation of 63% to Brent oil prices over the past five years.

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