Shell (LON:SHEL) Stock Rating Reaffirmed as “Buy” by Jefferies Financial Group

Shell (LON:SHEL)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They presently have a GBX 4,500 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 18.53% from the company’s previous close.

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

Shell Trading Up 0.4%

Shares of LON SHEL opened at GBX 3,796.46 on Thursday. 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 12 month low of GBX 2,553.77 and a 12 month high of GBX 3,806.50. The company has a market cap of £216.31 billion, a price-to-earnings ratio of 8.40, a P/E/G ratio of 2.50 and a beta of 0.43. 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.

Insider Activity

In related news, insider Sinead Gorman sold 30,000 shares of the firm’s stock in a transaction that occurred on 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.