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

Jefferies Financial Group restated their buy rating on shares of Shell (LON:SHEL) in a research note released on Thursday,Digital Look reports. Jefferies Financial Group currently has a GBX 4,500 price objective on the stock.

A number of other equities research analysts also recently weighed in on the company. Berenberg Bank reissued a “buy” rating and set a GBX 4,000 target price on shares of Shell in a report on Monday, August 3rd. JPMorgan Chase & Co. dropped their price objective on shares of 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. Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a research report on Thursday, September 24th. Finally, UBS Group reiterated a “neutral” rating on shares of Shell in a research report on Friday, September 25th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Shell has a consensus rating of “Moderate Buy” and an average price target of GBX 3,775.

Shell Stock Performance

SHEL opened at GBX 3,796.46 on Thursday. 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 business has a fifty day simple moving average of GBX 3,478.80 and a 200 day simple moving average of GBX 3,312.15. Shell has a 1 year low of GBX 2,553.77 and a 1 year high of GBX 3,806.50. The company has a market capitalization of £216.31 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43.

Insider Buying and Selling

In other Shell news, insider Sinead Gorman sold 30,000 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of GBX 3,369, for a total transaction of £1,010,700. 0.05% of the stock is currently owned by corporate 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.