Shell (LON:SHEL) PT Set at GBX 2,600 by Jefferies Financial Group

Shell (LON:SHELGet Rating) has been given a GBX 2,600 ($32.72) target price by research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, Borsen Zeitung reports. Jefferies Financial Group’s target price suggests a potential upside of 8.04% from the stock’s previous close.

SHEL has been the subject of several other research reports. Berenberg Bank upped their price target on shares of Shell from GBX 2,375 ($29.89) to GBX 2,750 ($34.60) and gave the company a “buy” rating in a research report on Wednesday, May 11th. Barclays reaffirmed an “overweight” rating and set a GBX 3,000 ($37.75) price target on shares of Shell in a research report on Thursday, May 5th. Citigroup reiterated a “neutral” rating and set a GBX 2,045 ($25.73) price objective on shares of Shell in a research note on Friday, May 6th. UBS Group set a GBX 2,450 ($30.83) price objective on Shell in a research note on Wednesday, April 27th. Finally, Deutsche Bank Rese… set a GBX 2,551 ($32.10) price objective on Shell in a research note on Wednesday, March 23rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 2,665.70 ($33.54).

LON:SHEL traded up GBX 28.13 ($0.35) during mid-day trading on Thursday, reaching GBX 2,406.63 ($30.28). The company’s stock had a trading volume of 11,791,243 shares, compared to its average volume of 15,951,945. Shell has a 12-month low of GBX 1,833.40 ($23.07) and a 12-month high of GBX 2,413.50 ($30.37). The firm’s fifty day simple moving average is GBX 2,182.20. The company has a current ratio of 1.34, a quick ratio of 0.90 and a debt-to-equity ratio of 47.93. The stock has a market capitalization of £181.27 billion and a PE ratio of 10.71.

About Shell (Get Rating)

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 necessary to deliver gas to market.

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