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

Key Points

• Jefferies reaffirmed its “Buy” rating on Shell and maintained a GBX 4,500 price target, implying approximately 20.68% upside from the current price.
• Analyst sentiment is generally positive, with six Buy and six Hold ratings; MarketBeat reports an overall “Moderate Buy” consensus and an average price target of GBX 3,775.
• Shell’s outlook is supported by stronger refining margins, higher integrated gas production expectations, favorable oil and gas trading conditions, and ongoing share buybacks.

Shell (LON:SHEL - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They presently have a GBX 4,500 target price on the stock. Jefferies Financial Group's target price indicates a potential upside of 20.68% from the stock's current price.

A number of other equities analysts also recently commented on the stock. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 4,000 price objective on shares of Shell in a report on Monday, August 3rd. JPMorgan Chase & Co. dropped their target price on shares of Shell from GBX 3,900 to GBX 3,600 and set an "overweight" rating on the stock in a report on Friday, July 3rd. Royal Bank Of Canada restated a "neutral" rating on shares of Shell in a research 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 analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Shell presently has an average rating of "Moderate Buy" and an average price target of GBX 3,775.

Shell Price Performance

Shares of LON SHEL opened at GBX 3,729 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 40.42. The company has a market capitalization of £212.47 billion, a price-to-earnings ratio of 8.25, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. Shell has a twelve month low of GBX 2,553.77 and a twelve month high of GBX 3,758.50. The business has a 50 day simple moving average of GBX 3,461.39 and a 200-day simple moving average of GBX 3,306.25.

Insider Buying and Selling

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

Key Headlines Impacting Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: Refining margins surged: Shell said its indicative refining margin rose roughly 75% and is expected to reach a record level, potentially nearly doubling profit per barrel. Wars and supply disruptions have tightened fuel markets, benefiting Shell’s refining business. Shell’s Refining Margin Jumps 75% as Fuel Supplies Dry Up
• Positive Sentiment: Higher integrated gas production: Shell raised its third-quarter integrated gas production outlook, adding to expectations for stronger earnings from LNG and other gas operations. Shell Raises Q3 Integrated Gas Production Outlook; Sees Higher Refining Margin
• Positive Sentiment: Trading benefited from volatility: Shell reported strong oil and gas trading conditions as conflict-driven price swings created additional opportunities for its marketing and trading operations. Analysts broadly praised the third-quarter outlook. Shell Sees Record Refining Margins as War Roils Fuel Markets
• Positive Sentiment: Ongoing share buybacks: Shell continued purchasing shares for cancellation under its capital-return program. Buybacks can support earnings per share and signal management confidence, although the effect is incremental. Shell Steps Up UK–EU Share Buybacks

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.