Shell (LON:SHEL) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Shell (LON:SHEL)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 4,500 price objective on the stock. Jefferies Financial Group‘s price objective suggests a potential upside of 22.05% from the stock’s current price.

SHEL has been the subject of a number of other reports. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,000 price objective on shares of Shell in a research report on Monday, August 3rd. UBS Group reissued a “neutral” rating on shares of Shell in a report on Friday, September 25th. Finally, Royal Bank Of Canada reissued a “neutral” rating on shares of Shell in a report on Thursday, September 24th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 3,990.

Shell Stock Performance

Shares of SHEL stock opened at GBX 3,687 on Wednesday. The stock has a market capitalization of £209.02 billion, a PE ratio of 6.40, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. Shell has a 52-week low of GBX 2,553.77 and a 52-week high of GBX 4,110. The stock’s 50-day moving average price is GBX 3,712.52 and its 200 day moving average price is GBX 3,317.23. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 38.34.

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.