Do Analysts Agree Friday on Shell Midstream Partners LP (SHLX) Stock's Target Price?

Friday, October 07, 2022 02:00 PM | InvestorsObserver Analysts

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InvestorsObserver is giving Shell Midstream Partners LP (SHLX) an Analyst Rating Rank of 1, meaning SHLX is ranked higher by analysts than 1% of stocks. The average price target for SHLX is $14.17 and analyst’s rate the stock as a Hold.

Wall Street analysts are rating SHLX a Hold today. Find out what this means to you and get the rest of the rankings on SHLX!
See Full SHLX Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Shell Midstream Partners LP Stock Today?

Shell Midstream Partners LP (SHLX) stock is trading at $15.83 as of 1:47 PM on Friday, Oct 7, a loss of -$0.01, or -0.06% from the previous closing price of $15.84. Volume today is less active than usual. So far 549,966 shares have traded compared to average volume of 1,340,074 shares. The stock has traded between $15.82 and $15.83 so far today. Click Here to get the full Stock Report for Shell Midstream Partners LP stock.

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