Jefferies Financial Group Reiterates “Buy” Rating for Shell (LON:SHEL)

Shell (LON:SHEL)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research report issued on Monday, Marketbeat reports. They presently have a GBX 3,200 ($40.68) target price on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 32.59% from the stock’s current price.

Several other equities research analysts also recently weighed in on the company. Bank of America reaffirmed a “buy” rating and set a GBX 3,400 ($43.22) price target on shares of Shell in a research report on Wednesday, September 4th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Shell in a report on Tuesday, September 24th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, Shell presently has an average rating of “Buy” and an average price target of GBX 3,366.67 ($42.80).

Shell Stock Performance

Shares of SHEL opened at GBX 2,413.50 ($30.68) on Monday. The company has a debt-to-equity ratio of 40.32, a quick ratio of 0.87 and a current ratio of 1.41. The stock has a 50-day moving average of GBX 2,546.56 and a two-hundred day moving average of GBX 2,655.19. The stock has a market cap of £149.15 billion, a P/E ratio of 1,122.56, a P/E/G ratio of 2.50 and a beta of 0.51. Shell has a one year low of GBX 2,345 ($29.81) and a one year high of GBX 2,961 ($37.64).

Shell Company Profile

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.