Shell (LON:SHEL) Given “Buy” Rating 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 Thursday, October 8th, Digital Look reports. They presently have a GBX 4,500 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 15.15% from the company’s current price.

A number of other analysts have also weighed in on SHEL. JPMorgan Chase & Co. cut their target price on shares of Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating on the stock in a research report on Friday, July 3rd. Berenberg Bank reiterated a “buy” rating and set a GBX 4,000 target price on shares of Shell in a research report on Monday, August 3rd. UBS Group reiterated a “neutral” rating on shares of Shell in a report on Friday, September 25th. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of Shell in a report on Thursday, September 24th. Six equities 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 company has an average rating of “Moderate Buy” and a consensus price target of GBX 3,775.

Shell Price Performance

Shares of LON:SHEL traded down GBX 3.50 during trading on Thursday, reaching GBX 3,908. 11,128,651 shares of the company traded hands, compared to its average volume of 10,197,530. The company’s 50 day moving average is GBX 3,510.91 and its two-hundred day moving average is GBX 3,320.70. The firm has a market capitalization of £222.67 billion, a PE ratio of 8.65, a PEG ratio of 2.50 and a beta of 0.43. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 40.42. Shell has a 52 week low of GBX 2,553.77 and a 52 week high of GBX 3,937.

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.

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.