Shell Remains Undervalued Despite Buyback Record, Company Restructuring -- Market Talk

Dow Jones
2025/01/09

1314 GMT - Shell is undervalued by investors given it has the best buyback record in the sector and a strong balance sheet, UBS analysts write. Shares in the London-based energy giant are down 10% since July despite its restructuring and retreat from green-energy investments, the analysts write. Shell can surpass its $2-3 billion savings target by the end of the 2025 and has the opportunity to make an additional $6 billion in cost savings, UBS says. Shell's valuation gap with its U.S. peers has narrowed to around 50%, and it could fall further as its renewed focus on oil and gas assets delivers results, they write. UBS upgrades the stock rating to buy from neutral and increases its target price to 30 pounds. Shares trade up 1.4% at 26.16 pounds. (adam.whittaker@wsj.com)

 

(END) Dow Jones Newswires

January 09, 2025 08:14 ET (13:14 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10