Shell (LON:SHEL) Earns Buy Rating from Jefferies Financial Group

Shell (LON:SHEL)‘s stock had its “buy” rating restated by Jefferies Financial Group in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 4,500 price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 15.05% from the stock’s current price.

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

Shell Price Performance

SHEL stock traded up GBX 46 during midday trading on Thursday, reaching GBX 3,911.50. 7,691,623 shares of the company’s stock traded hands, compared to its average volume of 10,192,856. The company has a 50-day simple moving average of GBX 3,498.29 and a two-hundred day simple moving average of GBX 3,317.57. 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 1-year low of GBX 2,553.77 and a 1-year high of GBX 3,919.50. The company has a market cap of £222.87 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 2.50 and a beta of 0.43.

Insider Buying and Selling at Shell

In related news, insider Sinead Gorman sold 30,000 shares of the business’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 value of £1,010,700. 0.05% of the stock is currently owned by corporate 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.