Jefferies Financial Group Reaffirms Buy Rating for Shell (LON:SHEL)

Shell (LON:SHEL)‘s stock had its “buy” rating reaffirmed by equities researchers at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 4,500 price target on the stock. Jefferies Financial Group’s target price indicates a potential upside of 18.53% from the stock’s previous close.

SHEL has been the topic of several other research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 4,000 price objective on shares of Shell in a research report on Monday, August 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 research note on Friday, September 25th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating on the stock in a report on Friday, July 3rd. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,775.

Shell Stock Performance

Shares of LON SHEL traded up GBX 15.96 during mid-day trading on Thursday, reaching GBX 3,796.46. 10,882,720 shares of the company’s stock were exchanged, compared to its average volume of 10,249,666. The firm has a market capitalization of £216.31 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. Shell has a 52 week low of GBX 2,553.77 and a 52 week high of GBX 3,806.50. 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 firm has a 50-day moving average price of GBX 3,478.80 and a two-hundred day moving average price of GBX 3,312.15.

Insiders Place Their Bets

In related news, insider Sinead Gorman sold 30,000 shares of the 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 transaction 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.