Shell (LON:SHEL) Earns Buy Rating from Jefferies Financial Group

Shell (LON:SHEL)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They presently have a GBX 4,500 price objective on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 18.59% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,000 target price on shares of Shell in a research note on Monday, August 3rd. UBS Group reiterated a “neutral” rating on shares of Shell in a research note on Friday, September 25th. Royal Bank Of Canada reiterated a “neutral” rating on shares of Shell in a research note on Thursday, September 24th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating for the company in a report on Friday, July 3rd. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,775.

Shell Price Performance

SHEL stock opened at GBX 3,794.50 on Thursday. Shell has a one year low of GBX 2,553.77 and a one year high of GBX 3,806.50. The company’s fifty day moving average price is GBX 3,478.80 and its 200-day moving average price is GBX 3,311.78. The company has a debt-to-equity ratio of 40.42, a quick ratio of 0.86 and a current ratio of 1.43. The company has a market capitalization of £216.20 billion, a PE ratio of 8.39, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43.

Insider Transactions at Shell

In other Shell news, insider Sinead Gorman sold 30,000 shares of Shell stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of GBX 3,369, for a total value of £1,010,700. 0.05% of the stock is currently owned by insiders.

About Shell

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.