Shell’s (SHEL) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Shell (LON:SHELFree Report) in a research note published on Thursday,MarketScreener reports.

Other analysts also recently issued research reports about the company. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,850 target price on shares of Shell in a research report on Friday, January 23rd. Royal Bank Of Canada decreased their target price on shares of Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating for the company in a research note on Monday, January 26th. JPMorgan Chase & Co. boosted their target price on shares of Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a report on Friday, December 5th. Morgan Stanley lowered shares of Shell to an “equal weight” rating in a research report on Wednesday, March 25th. Finally, Barclays reiterated a “buy” rating on shares of Shell in a research note on Tuesday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 3,183.33.

View Our Latest Stock Analysis on Shell

Shell Price Performance

Shares of SHEL opened at GBX 3,543.50 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.30 and a debt-to-equity ratio of 59.97. Shell has a twelve month low of GBX 2,269.92 and a twelve month high of GBX 3,592. The stock has a market capitalization of £199.61 billion, a P/E ratio of 11.81, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a 50 day moving average of GBX 3,093.51 and a 200-day moving average of GBX 2,863.15.

Insider Buying and Selling at Shell

In other Shell news, insider Wael Sawan acquired 23,980 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was purchased at an average price of GBX 3,011 per share, with a total value of £722,037.80. Also, insider Sinead Gorman purchased 15,841 shares of Shell stock in a transaction that occurred on Thursday, February 26th. The shares were bought at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. 0.04% of the stock is owned by company insiders.

Key Shell News

Here are the key news stories impacting Shell this week:

About Shell

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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.

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Analyst Recommendations for Shell (LON:SHEL)

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