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

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

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a report on Friday, December 5th. Royal Bank Of Canada decreased their price target on shares of Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a report on Monday, January 26th. UBS Group restated a “neutral” rating and set a GBX 2,850 price objective on shares of Shell in a report on Friday, January 23rd. Morgan Stanley cut Shell to an “equal weight” rating in a report on Wednesday, March 25th. Finally, Barclays restated a “buy” rating on shares of Shell in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,066.67.

Shell Trading Up 3.0%

LON SHEL opened at GBX 3,548 on Thursday. The company has a market cap of £199.86 billion, a P/E ratio of 11.83, a P/E/G ratio of 2.50 and a beta of 0.51. Shell has a 12 month low of GBX 2,269.92 and a 12 month high of GBX 3,592. The company has a debt-to-equity ratio of 59.97, a current ratio of 1.30 and a quick ratio of 0.87. The company has a 50-day moving average of GBX 3,076.91 and a 200-day moving average of GBX 2,858.40.

Insider Buying and Selling at Shell

In related news, 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 price of GBX 3,011 per share, with a total value of £722,037.80. Also, insider Sinead Gorman bought 15,841 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The shares were purchased at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. Corporate 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.