Royal Dutch Shell A (alt) -> Shell plc, NL0000009827

Shell plc stock gains after Morgan Stanley raises target

Published on 09/20/2026 at 21:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley lifted Shell plc stock to Overweight on September 3, 2026 and raised its target to USD 101.30 from USD 81.60. The shares traded at USD 94.54 with a market cap of USD 269.97 billion.

Fotorealistische Ölraffinerie in der Dämmerung mit beleuchteten Türmen und Rohrleitungen — Fotorealistische Raffinerie-Anlage bei Sonnenuntergang zeigt Shell plc NL0000009827 im globalen Öl- und Gasgeschäft symbolisch, Illustration mit AI erstellt.

Shell plc stock (NL0000009827) traded at USD 94.54 on September 20, 2026, with a market capitalization of USD 269.97 billion and a 52-week range of USD 70.31 to USD 98.95. Morgan Stanley lifted the shares to Overweight on September 3, 2026 and raised its target to USD 101.30 from USD 81.60, as reported by Yahoo Finance.

Target reset matters

For investors, the target move is the cleaner signal than the daily quote. The revised target sits 7.1 percent above the market price of USD 94.54, which leaves Shell below the USD 98.95 peak from September 15, 2026.

Shell also enters the second half with a strong cash-flow backdrop. The company beat top-line and bottom-line estimates in the second quarter of 2026 and delivered around USD 700 million of structural cost reductions in the first half of 2026, while adjusted profit reached USD 9.84 billion in Q2 2026, according to the same Yahoo Finance report and the linked article excerpt. Those figures compare with about USD 4.4 billion a year earlier for adjusted profit and imply a clear year-on-year step-up in profitability.

Buybacks and dividend

Shell announced an interim dividend of USD 0.3906 per share for the second quarter of 2026, with payment on September 21, 2026 and a record date of August 14, 2026, as reported by ad hoc news. In the same report, Shell stock was described as holding near its 52-week high, which fits a market that is still pricing in cash returns as well as higher earnings.

Close and levels

Shell stock closed at USD 94.54 on September 20, 2026, down 1.34 percent, with volume of 4,566,538 shares and a 52-week low of USD 70.31. The stock remains within 4.7 percent of its 52-week high of USD 98.95, so the next test is whether the share price can sustain the upper end of that range.