Shell stock gains as Jefferies reiterates Buy rating

Published on 09/15/2026 at 14:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies kept Shell stock at Buy on September 14, 2026, with a 4,500 GBX target. Shell reported USD 9.8 billion adjusted earnings and USD 21.4 billion cash flow in Q2 2026.

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Shell stock (GB00BP6MXD84) traded at 3,592.00 GBX on September 14, 2026, with a market capitalization of USD 272.59 billion and a year-to-date gain of about 30.82 percent. Jefferies reiterated its Buy rating on September 14, 2026, and lifted its target to 4,500 GBX, implying more than 25 percent upside from the London quote.

Buyback and earnings

According to Ad-hoc-news on September 15, 2026, Shell said it bought back around 1.8 million shares for cancellation on September 11, 2026, under its capital-return program. The same report said Shell posted USD 9.8 billion in adjusted earnings for Q2 2026 and USD 21.4 billion in cash flow from operations.

MarketBeat said on September 14, 2026, that Shell's Q2 2026 earnings per share were USD 3.52, above the consensus estimate of USD 3.23 by USD 0.29, while revenue reached USD 94.66 billion versus an expected USD 86.22 billion. That combination left net margin at 8.55 percent and return on equity at 14.34 percent.

London price stays firm

The London quote of 3,592.00 GBX sits well below Jefferies' 4,500 GBX target, while the ADR closed at USD 97.2730 and touched a 52-week high of USD 97.34 on September 14, 2026. TipRanks said on September 14, 2026, that Shell also executed a fresh September share buyback, with around 1.8 million shares purchased for cancellation on September 11, 2026.

Price and valuation

Shell stock was at 3,592.00 GBX on September 14, 2026, with average trading volume of 9,652,010 shares and a market value of about GBP 203.4 billion. The London quote and the ADR level both show the shares trading near recent highs while investors weigh the next cash-return steps.