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

Shell (LON:SHELGet Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a research note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 3,200 ($40.40) price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 30.16% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Bank of America reaffirmed a “buy” rating and issued a GBX 3,400 ($42.93) target price on shares of Shell in a report on Wednesday, September 4th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Shell in a research report on Tuesday, September 24th. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, Shell has an average rating of “Buy” and an average price target of GBX 3,366.67 ($42.51).

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Shell Stock Down 1.6 %

SHEL stock traded down GBX 40 ($0.51) during midday trading on Monday, reaching GBX 2,458.50 ($31.04). 6,653,658 shares of the company were exchanged, compared to its average volume of 11,373,568. The company has a debt-to-equity ratio of 40.32, a quick ratio of 0.87 and a current ratio of 1.41. Shell has a 1-year low of GBX 2,345 ($29.61) and a 1-year high of GBX 2,961 ($37.39). The stock’s 50-day simple moving average is GBX 2,550.15 and its 200 day simple moving average is GBX 2,657.43. The company has a market cap of £151.94 billion, a price-to-earnings ratio of 1,143.49, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51.

About Shell

(Get Free Report)

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.

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Analyst Recommendations for Shell (LON:SHEL)

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