Shell (LON:SHEL) Stock Keeps “Buy” Rating at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Shell (LON:SHEL) in a research report report published on Thursday,Digital Look reports. The brokerage currently has a GBX 4,500 target price on the stock.

Several other analysts have also recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and issued a GBX 4,000 price objective on shares of Shell in a research note on Monday, August 3rd. JPMorgan Chase & Co. lowered their target price on Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating for the company in a research note on Friday, July 3rd. Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a report on Thursday, September 24th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Shell in a research report on Friday, September 25th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 3,775.

Shell Price Performance

Shell stock opened at GBX 3,780.50 on Thursday. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 40.42. Shell has a 52-week low of GBX 2,553.77 and a 52-week high of GBX 3,784. The firm has a market cap of £215.40 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. The company’s 50 day moving average is GBX 3,470.54 and its two-hundred day moving average is GBX 3,308.74.

Insider Transactions at Shell

In related news, insider Sinead Gorman sold 30,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 3,369, for a total value of £1,010,700. 0.05% of the stock is owned by corporate insiders.

Shell News Summary

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Refining margins surged: Shell’s indicative refining margin rose to $42 per barrel in the third quarter from $24 in the second quarter. The improvement, attributed partly to tight fuel supplies and geopolitical disruptions, is expected to support downstream earnings. Shell’s Refining Margin Jumps 75% as Fuel Supplies Dry Up
• Positive Sentiment: Higher integrated-gas output: Shell raised its integrated-gas production outlook to approximately 740,000–780,000 barrels of oil equivalent per day, helped by the ARC acquisition, which closed in September. Shell Raises Q3 Integrated Gas Production Outlook; Sees Higher Refining Margin
• Positive Sentiment: Trading remains supportive: Shell expects trading and optimization in integrated gas and chemicals and products to be broadly in line with the prior quarter, suggesting continued earnings support from market volatility and its trading operations. Shell Sees Record Refining Margins as War Roils Fuel Markets
• Positive Sentiment: Share buybacks continued: Shell repurchased about 1.35 million shares for cancellation on October 7 under its capital-return program. Buybacks reduce the share count and can bolster per-share earnings and investor sentiment. Shell Continues Capital Return With Share Buy-Back Tranche
• Positive Sentiment: Analyst support: Jefferies reaffirmed its buy rating and maintained a GBX 4,500 price target, adding to the positive read-through from Shell’s update. Shell’s Buy Rating Reaffirmed at Jefferies
• Negative Sentiment: Some offsets remain: Chemicals margins declined, cash outflows increased, and Shell disclosed a roughly $300 million write-off. These issues could limit the benefit of stronger refining and gas results. Shell Sees Higher Q3 Gas Production and Refining Margins, $300M Write-Off

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.