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

Shell (LON:SHEL)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research note issued on Tuesday,London Stock Exchange reports. They currently have a GBX 4,500 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 32.47% from the company’s current price.

Other analysts also recently issued research reports about the company. UBS Group reiterated a “neutral” rating on shares of Shell in a research note on Tuesday, June 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a research note on Friday, May 8th. Barclays restated a “buy” rating on shares of Shell in a report on Thursday, May 7th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 4,000 target price on shares of Shell in a research report on Monday, July 27th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 4,000 price target on shares of Shell in a report on Monday, August 3rd. Six 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 currently has an average rating of “Moderate Buy” and a consensus price target of GBX 3,775.

Shell Price Performance

LON SHEL opened at GBX 3,397 on Tuesday. Shell has a fifty-two week low of GBX 2,553.77 and a fifty-two week high of GBX 3,758.50. The stock’s 50-day moving average is GBX 3,173.98 and its two-hundred day moving average is GBX 3,201.74. The company has a debt-to-equity ratio of 40.42, a current ratio of 1.43 and a quick ratio of 0.86. The firm has a market cap of £187.93 billion, a P/E ratio of 7.52, 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 the company’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 3,369, for a total transaction of £1,010,700. 0.05% of the stock is owned by company insiders.

Shell Company Profile

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.