Shell (LON:SHEL) Receives “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Shell (LON:SHEL) in a research report sent to investors on Monday, Marketbeat Ratings reports. They currently have a GBX 3,200 ($40.23) price target on the stock.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. restated an “overweight” rating on shares of Shell in a research report on Tuesday, September 24th. Bank of America restated a “buy” rating and issued a GBX 3,400 ($42.75) target price on shares of Shell in a report on Wednesday, September 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of GBX 3,366.67 ($42.33).

Shell Trading Up 0.4 %

Shares of SHEL opened at GBX 2,423.88 ($30.47) on Monday. The company has a debt-to-equity ratio of 40.32, a current ratio of 1.41 and a quick ratio of 0.87. Shell has a 1-year low of GBX 2,345 ($29.48) and a 1-year high of GBX 2,961 ($37.23). The stock has a market cap of £149.80 billion, a price-to-earnings ratio of 1,128.84, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The firm has a 50 day simple moving average of GBX 2,543.31 and a 200-day simple moving average of GBX 2,652.50.

Shell Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, December 19th. Stockholders of record on Thursday, November 14th will be given a $0.34 dividend. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, November 14th. Shell’s dividend payout ratio is currently 4,883.72%.

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.