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

Shell (LON:SHEL)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 4,500 price objective on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 18.51% from the stock’s previous close.

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

Shell Stock Up 0.0%

LON:SHEL opened at GBX 3,797 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 40.42. Shell has a twelve month low of GBX 2,553.77 and a twelve month high of GBX 3,809. The company has a market cap of £216.34 billion, a PE ratio of 8.40, a P/E/G ratio of 2.50 and a beta of 0.43. The company’s 50 day moving average is GBX 3,478.80 and its two-hundred day moving average is GBX 3,311.78.

Insider Buying and Selling

In related news, insider Sinead Gorman sold 30,000 shares of the company’s 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 corporate 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.