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

Shell (LON:SHEL)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued on Thursday,MarketScreener reports.

Several other equities research analysts have also recently weighed in on SHEL. The Goldman Sachs Group restated a “buy” rating on shares of Shell in a research note on Friday, May 8th. HSBC upgraded Shell from a “hold” rating to a “buy” rating in a research note on Monday. JPMorgan Chase & Co. restated a “buy” rating on shares of Shell in a research report on Friday, May 8th. Morgan Stanley lowered Shell to an “equal weight” rating in a research note on Wednesday, March 25th. Finally, BNP Paribas Exane downgraded Shell from an “outperform” rating to a “neutral” rating in a research note on Friday, April 17th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,949.

Shell Price Performance

Shares of Shell stock traded down GBX 4 on Thursday, reaching GBX 3,248. 201,599,609 shares of the stock were exchanged, compared to its average volume of 13,805,560. The company has a debt-to-equity ratio of 43.58, a quick ratio of 0.87 and a current ratio of 1.27. The firm has a market cap of £181.14 billion, a PE ratio of 10.83, a P/E/G ratio of 2.50 and a beta of 0.43. The firm’s 50 day moving average is GBX 3,347.18 and its 200-day moving average is GBX 2,997.29. Shell has a one year low of GBX 2,403.50 and a one year high of GBX 3,592.

Insider Buying and Selling at Shell

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

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.