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

Shell (LON:SHEL)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a report released on Thursday,MarketScreener reports.

SHEL has been the subject of several other research reports. Barclays reaffirmed a “buy” rating on shares of Shell in a report on Thursday, May 7th. Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a research report on Wednesday, April 8th. JPMorgan Chase & Co. restated a “buy” rating on shares of Shell in a report on Friday, May 8th. HSBC raised Shell from a “hold” rating to a “buy” rating in a research report on Monday. Finally, Rothschild & Co Redburn cut Shell to a “neutral” rating in a report on Thursday, April 9th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and a consensus price target of GBX 2,949.

Shell Stock Performance

Shares of LON:SHEL traded down GBX 4 on Thursday, hitting GBX 3,248. The company had a trading volume of 201,599,609 shares, compared to its average volume of 13,805,560. Shell has a 1-year low of GBX 2,403.50 and a 1-year high of GBX 3,592. The stock has a market cap of £181.14 billion, a price-to-earnings ratio of 10.83, a P/E/G ratio of 2.50 and a beta of 0.43. The stock has a 50 day moving average price of GBX 3,347.18 and a 200 day moving average price of GBX 2,997.29. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 43.58.

Insider Buying and Selling

In other Shell news, insider Sinead Gorman purchased 15,841 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was bought at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. Also, insider Wael Sawan purchased 23,980 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 £722,037.80. 0.04% 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.