Trefis Share Estimate : $74.
Current Market Price: $81.
Why is our price 8% below the market price?
Shell's current market price is largely a reflection of exuberance, that has resulted from the run up in oil prices. The current market price reflects closer to a $80 per barrel of oil, we believe that oil will remain range bound for the current time and therefore have a slightly lower estimate.We however do estimate earnings per share to rise significantly during the year to $9 per share reflection a forward P/E of 9.