Shell’s (SHEL) Buy Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Shell (LON:SHEL) in a report released on Monday,London Stock Exchange reports. The brokerage currently has a GBX 3,200 ($40.60) price objective on the stock.

Other research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a report on Tuesday, September 24th. Bank of America reiterated a “buy” rating and issued a GBX 3,400 ($43.14) price objective on shares of Shell in a report on Wednesday, September 4th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Shell has an average rating of “Buy” and an average price target of GBX 3,366.67 ($42.71).

Shell Stock Down 1.6 %

SHEL stock opened at GBX 2,458.50 ($31.19) on Monday. The stock has a market capitalization of £151.94 billion, a P/E ratio of 1,143.58, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 40.32. Shell has a 12 month low of GBX 2,345 ($29.75) and a 12 month high of GBX 2,961 ($37.57). The firm has a 50-day moving average price of GBX 2,550.15 and a 200-day moving average price of GBX 2,657.43.

Shell Announces Dividend

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

About Shell

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.