Jefferies Financial Group reaffirmed their buy rating on shares of Shell (LON:SHEL – Free Report) in a research note released on Thursday,London Stock Exchange reports. Jefferies Financial Group currently has a GBX 4,400 price target on the stock.
SHEL has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of Shell in a research report on Wednesday. Rothschild & Co Redburn downgraded Shell to a “neutral” rating in a report on Thursday. Morgan Stanley downgraded Shell to an “equal weight” rating in a report on Wednesday, March 25th. Barclays reiterated a “buy” rating on shares of Shell in a report on Tuesday, March 31st. Finally, JPMorgan Chase & Co. increased their price objective on Shell from GBX 3,600 to GBX 3,900 and gave the stock an “overweight” rating in a report on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Shell currently has a consensus rating of “Hold” and a consensus target price of GBX 3,383.33.
Read Our Latest Report on Shell
Shell Trading Down 0.3%
Insider Buying and Selling at Shell
In other news, insider Sinead Gorman purchased 15,841 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were purchased at an average cost of GBX 3,011 per share, with a total value of £476,972.51. Also, insider Wael Sawan purchased 23,980 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were purchased at an average cost of GBX 3,011 per share, for a total transaction of £722,037.80. Corporate insiders own 0.04% of the company’s stock.
Shell News Summary
Here are the key news stories impacting Shell this week:
- Positive Sentiment: Ongoing share buy‑backs — Shell reported repurchases on 9 April (part of a multi‑venue programme and cancellations), supporting EPS and signalling capital return to shareholders. Shell Continues Share Buy-Back Programme With April 9 Repurchases
- Positive Sentiment: Higher oil trading profits expected in Q1 — management says oil trading profits will be “significantly higher,” which boosts near‑term cash flow and offsets some upstream weakness. Shell Expects ‘Significantly Higher’ Oil Trading Profits in Q1
- Positive Sentiment: Bullish broker call — Jefferies reaffirmed a “buy” and set a GBX 4,400 price target, which can lift investor sentiment versus peers that are more cautious. London Stock Exchange broker ratings
- Neutral Sentiment: Mixed analyst positioning — several brokers (UBS, Rothschild/Redburn, RBC) have issued or reaffirmed neutral ratings; this tempers upside despite buyback and trading strength. Shell neutral rating from UBS
- Neutral Sentiment: News item about Jeff Shell (Paramount) is unrelated to Shell plc (SHEL) but may create name‑confusion in headlines — not a company fundamentals story. Jeff Shell Steps Down as President of Paramount
- Negative Sentiment: Production and gas outlook hit by Middle East conflict — Shell disclosed lower gas output and production impacts tied to the Iran war, and expects some capital outflows; that pressures near‑term upstream volumes and could weigh on consensus forecasts. Exxon and Shell reveal production hit from Iranian war
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.
Further Reading
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