Jefferies Financial Group Reiterates “Buy” Rating for Shell (LON:SHEL)

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

SHEL has been the subject of a number of other research reports. UBS Group reissued a “neutral” rating and issued a GBX 2,850 target price on shares of Shell in a report on Friday, January 23rd. Royal Bank Of Canada reduced their price target on shares of Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating for the company in a report on Monday, January 26th. Barclays reissued a “buy” rating on shares of Shell in a research report on Tuesday. Morgan Stanley lowered Shell to an “equal weight” rating in a research report on Wednesday, March 25th. Finally, JPMorgan Chase & Co. lifted their price target on Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research note on Friday, December 5th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 3,066.67.

Shell Stock Up 3.0%

Shell stock opened at GBX 3,548 on Thursday. Shell has a fifty-two week low of GBX 2,269.92 and a fifty-two week high of GBX 3,592. The firm has a market capitalization of £199.86 billion, a PE ratio of 11.83, a P/E/G ratio of 2.50 and a beta of 0.51. The company’s 50-day moving average is GBX 3,076.91 and its 200-day moving average is GBX 2,858.40. The company has a debt-to-equity ratio of 59.97, a current ratio of 1.30 and a quick ratio of 0.87.

Insiders Place Their Bets

In related news, insider Sinead Gorman purchased 15,841 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was acquired at an average price of GBX 3,011 per share, with a total value of £476,972.51. Also, insider Wael Sawan acquired 23,980 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was acquired at an average cost of GBX 3,011 per share, with a total value of £722,037.80. 0.04% 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.