Shell (LON:SHEL) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Shell (LON:SHEL) had its target price raised by stock analysts at Jefferies Financial Group from GBX 3,000 to GBX 3,200 in a research note issued on Monday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 13.58% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Shell in a report on Friday, October 31st. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 3,600 price objective on shares of Shell in a report on Thursday, October 30th. Berenberg Bank lifted their target price on Shell from GBX 3,000 to GBX 3,250 and gave the company a “buy” rating in a research report on Monday, November 3rd. Finally, Citigroup boosted their target price on Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,210.

Shell Stock Down 1.4%

Shares of SHEL stock opened at GBX 2,817.50 on Monday. Shell has a 12-month low of GBX 2,269.92 and a 12-month high of GBX 2,937.50. The firm has a fifty day moving average of GBX 2,748.98 and a 200-day moving average of GBX 2,652.64. The company has a market capitalization of £161.99 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 2.50 and a beta of 0.51.

Shell Company Profile

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.