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

Shell (LON:SHEL)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 4,500 price target on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 32.47% from the company’s current price.

Several other research firms have also issued reports on SHEL. JPMorgan Chase & Co. decreased 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 research report on Friday, July 3rd. HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Berenberg Bank reiterated a “buy” rating and issued a GBX 4,000 target price on shares of Shell in a research note on Monday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 4,000 target price on shares of Shell in a research report on Monday, July 27th. Finally, Barclays restated a “buy” rating on shares of Shell in a research note on Thursday, May 7th. Six investment 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, Shell has an average rating of “Moderate Buy” and a consensus price target of GBX 3,775.

Shell Stock Performance

Shares of SHEL stock opened at GBX 3,397 on Tuesday. Shell has a 1 year low of GBX 2,553.77 and a 1 year high of GBX 3,758.50. The firm’s fifty day simple moving average is GBX 3,173.98 and its 200 day simple moving average is GBX 3,201.74. The firm has a market capitalization of £187.93 billion, a P/E ratio of 7.52, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 40.42.

Insider Transactions at Shell

In other Shell news, insider Sinead Gorman sold 30,000 shares of the firm’s stock in a transaction dated 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.