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

Shell (LON:SHELGet Free Report)‘s stock had its “buy” rating restated by equities researchers at Jefferies Financial Group in a research report issued on Thursday,London Stock Exchange reports. They presently have a GBX 4,400 price target on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 27.13% from the stock’s current price.

A number of other research firms have also recently commented on SHEL. Morgan Stanley cut Shell to an “equal weight” rating in a research report on Wednesday, March 25th. Barclays reiterated a “buy” rating on shares of Shell in a research report on Tuesday, March 31st. Berenberg Bank restated a “buy” rating on shares of Shell in a research report on Thursday, April 2nd. UBS Group restated a “neutral” rating on shares of Shell in a research report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Shell from GBX 3,600 to GBX 3,900 and gave the company an “overweight” rating in a research report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 3,383.33.

Check Out Our Latest Report on Shell

Shell Stock Performance

Shares of SHEL traded up GBX 60 during midday trading on Thursday, reaching GBX 3,461. 1,678,461,500 shares of the stock were exchanged, compared to its average volume of 37,698,793. The business’s 50-day moving average price is GBX 3,158.75 and its 200 day moving average price is GBX 2,889.82. The company has a debt-to-equity ratio of 59.97, a current ratio of 1.30 and a quick ratio of 0.87. Shell has a twelve month low of GBX 2,289.69 and a twelve month high of GBX 3,592. The company has a market capitalization of £194.00 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 2.50 and a beta of 0.51.

Insider Activity at Shell

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

Key Stories Impacting Shell

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About Shell

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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.

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Analyst Recommendations for Shell (LON:SHEL)

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