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

Jefferies Financial Group reiterated their buy rating on shares of Shell (LON:SHEL) in a report issued on Wednesday morning,Digital Look reports. They currently have a GBX 4,500 price objective on the stock.

Several other analysts have also issued reports on the stock. UBS Group restated a “neutral” rating on shares of Shell in a research report on Friday, September 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,000 target price on shares of Shell in a report on Monday, August 3rd. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of Shell in a research report on Thursday, September 24th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,990.

Shell Price Performance

LON SHEL opened at GBX 3,719.50 on Wednesday. The company has a 50-day moving average price of GBX 3,727.48 and a 200-day moving average price of GBX 3,332.19. Shell has a 52 week low of GBX 2,553.77 and a 52 week high of GBX 4,110. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 38.34. The firm has a market capitalization of £210.86 billion, a P/E ratio of 6.46, a PEG ratio of 2.50 and a beta of 0.43.

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.