Shell (LON:SHEL) Receives “Buy” Rating from Jefferies Financial Group

Shell (LON:SHELGet Free Report)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 4,400 price target on the stock. Jefferies Financial Group’s price target indicates a potential upside of 27.13% from the company’s current price.

Several other equities research analysts have also commented on SHEL. Barclays reissued a “buy” rating on shares of Shell in a research note on Tuesday, March 31st. UBS Group reaffirmed a “neutral” rating on shares of Shell in a research note on Thursday. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of Shell in a research note on Wednesday. Morgan Stanley lowered Shell to an “equal weight” rating in a research note on Wednesday, March 25th. Finally, Rothschild & Co Redburn lowered Shell to a “neutral” rating in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 3,383.33.

Read Our Latest Analysis on SHEL

Shell Price Performance

Shares of LON:SHEL traded up GBX 60 during trading on Thursday, hitting GBX 3,461. 1,678,461,500 shares of the stock were exchanged, compared to its average volume of 37,698,793. The company has a fifty day moving average price of GBX 3,158.75 and a two-hundred day moving average price of GBX 2,889.82. The company has a market cap of £194.00 billion, a PE ratio of 11.54, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a current ratio of 1.30, a quick ratio of 0.87 and a debt-to-equity ratio of 59.97. Shell has a 12-month low of GBX 2,289.69 and a 12-month high of GBX 3,592.

Insider Activity

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

Shell News Summary

Here are the key news stories impacting Shell this week:

Shell Company Profile

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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.

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