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

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

SHEL has been the topic of a number of other reports. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of Shell in a research note on Thursday, September 24th. 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. UBS Group reaffirmed a “neutral” rating on shares of Shell in a research report on Friday, September 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating on the stock in a research note on Friday, July 3rd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Shell has an average rating of “Moderate Buy” and a consensus target price of GBX 3,775.

Shell Price Performance

Shares of SHEL stock traded up GBX 15.96 on Thursday, hitting 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 company has a 50 day moving average of GBX 3,478.80 and a 200 day moving average of GBX 3,312.15. The stock has a market cap of £216.31 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. 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 debt-to-equity ratio of 40.42, a current ratio of 1.43 and a quick ratio of 0.86.

Insider Activity at Shell

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