Shell stock: Jefferies sets GBP 45.00 target for Shell stock

Published on 10/20/2026 at 16:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell earned USD 10.82 billion in Q2 2026, up 200.5 percent. Shell stock costs EUR 47.01 on October 20, 2026, up 0.53 percent versus Xetra close.

Jefferies target and quarterly results

Jefferies set a GBP 45.00 target for Shell on October 9, 2026.
Shell reported USD 10.82 billion in Q2 2026 net income attributable to shareholders, up 200.5 percent year on year.
Shell stock costs EUR 47.01 at Lang & Schwarz on October 20, 2026 at 4:06 p.m. CEST, 0.53 percent above the Xetra close of October 19, 2026 at EUR 46.76.
Shell is scheduled to release third-quarter 2026 results on October 29, 2026.

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Jefferies analyst Mark Wilson maintained a Buy rating and set a GBP 45.00 price target for Shell on October 9, 2026, according to Markets Insider. Shell stock was trading at EUR 47.01 at Lang & Schwarz on October 20, 2026 at 4:06 p.m. CEST, up 0.53 percent versus the Xetra close of October 19, 2026 at EUR 46.76.

Second-quarter earnings surged

Shell reported USD 10.82 billion in income attributable to shareholders for the second quarter of 2026, compared with USD 3.60 billion a year earlier. Total revenue and other income reached USD 96.35 billion, up 45.0 percent year on year, while adjusted earnings rose 130.7 percent to USD 9.84 billion, according to TickerScout. The figures cover the three months ended June 30, 2026.

Stock sits near its yearly high

The same-day euro range was EUR 46.69 to EUR 47.24 on October 20, 2026, placing the Lang & Schwarz price EUR 0.23 below the session high. A separate market quotation put Shell's 52-week high at EUR 47.27 and its 52-week low at EUR 30.00 on the same date. The stock was therefore 0.55 percent below its 52-week high and 56.70 percent above its 52-week low.

Results date is October 29

Shell's investor calendar lists October 29, 2026 for the third-quarter results and interim dividend announcement. The release is scheduled for 07:00 GMT, or 08:00 CET, according to Shell Global. That date gives investors the next fixed point for comparing the refining, integrated gas and upstream outlook with the second-quarter result.

Shell compared with energy peers

Shell's second-quarter operating cash flow was USD 21.43 billion, up from USD 6.06 billion in the first quarter of 2026. Production available for sale was 2.455 million barrels of oil equivalent per day in the second quarter, down from 2.752 million in the first quarter, showing that stronger earnings came alongside lower production.

Price and earnings set the frame

The combination of a price near the daily high and sharply higher second-quarter earnings gives the October 29 reporting date particular weight. Jefferies' GBP 45.00 target and the scheduled results are separate reference points because the target is in pounds while the German quotation is in euros.

Shell stock was trading at EUR 47.01 at Lang & Schwarz on October 20, 2026 at 4:06 p.m. CEST, 0.53 percent above the Xetra close of October 19, 2026 at EUR 46.76. The further course of trading is shown by the continuously updated real-time quote of Shell stock.