Shell’s (SHEL) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of Shell (LON:SHEL) in a research report released on Tuesday morning, Marketbeat reports. They currently have a GBX 4,500 price target on the stock.

A number of other brokerages have also commented on SHEL. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 4,000 price objective on shares of Shell in a report on Monday, July 27th. Barclays reissued a “buy” rating on shares of Shell in a report on Thursday, May 7th. Berenberg Bank reissued a “buy” rating and issued a GBX 4,000 target price on shares of Shell in a research report on Monday, August 3rd. 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 note on Friday, July 3rd. Finally, HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Shell currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,775.

Shell Price Performance

Shell stock opened at GBX 3,311 on Tuesday. The company has a market capitalization of £183.17 billion, a price-to-earnings ratio of 7.33, a PEG 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. Shell has a 12 month low of GBX 2,553.77 and a 12 month high of GBX 3,758.50. The stock’s 50 day moving average is GBX 3,194.26 and its 200-day moving average is GBX 3,213.06.

Insider Buying and Selling

In other Shell news, insider Sinead Gorman sold 30,000 shares of the firm’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 currently owned by company insiders.

Key Headlines Impacting Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Share buybacks continue: Shell purchased approximately 1.7 million shares for cancellation on August 26 as part of its ongoing buyback programme. Continued repurchases reduce the share count and can support earnings per share and shareholder returns. Shell advances share buyback programme with 1.7m-share purchase
• Positive Sentiment: Analyst support remains favorable: Jefferies reaffirmed its Buy rating on Shell, signaling continued confidence in the company’s valuation and outlook. Jefferies Financial Group Reaffirms Buy Rating for Shell
• Positive Sentiment: Potential gas-growth opportunity in Iraq: Shell and Iraqi officials discussed increasing gas production from oil fields in Basra. Higher output could improve Shell’s regional production and revenue prospects, although the article does not indicate a finalized agreement or financial impact. Iraq, Shell discuss increasing gas output from Basra’s oil fields
• Neutral Sentiment: Refinery sale discussions ended: Shell reportedly ended negotiations with Unimot over the sale of a Russia-linked refinery. The development leaves the potential disposal unresolved, but its effect depends on whether Shell finds another buyer and the financial terms involved. Shell ends talks with Unimot on sale of Russia-linked refinery
• Negative Sentiment: Aberdeen job relocations draw negative attention: Shell plans to move some jobs from Aberdeen to London, creating potential restructuring costs and employee-relations concerns, though the longer-term financial effect appears limited. Shell to relocate some Aberdeen jobs to London

About Shell

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.