Shell: Barclays upgrades stock
(CercleFinance.com) - Barclays announced on Friday that it has upgraded its rating on the Shell share to "hold," seeing an "opportunity" in the changes announced by the energy group.
The British broker explains that Shell has been able to stave off its fears by presenting a new financial framework yesterday.
According to Barclays' calculations, Shell could reach its new debt targets by the end of 2021, which could free up between two and six billion dollars in funds for shareholder remuneration.
An hour from close on Friday, the Shell share is up almost 3.5%.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The British broker explains that Shell has been able to stave off its fears by presenting a new financial framework yesterday.
According to Barclays' calculations, Shell could reach its new debt targets by the end of 2021, which could free up between two and six billion dollars in funds for shareholder remuneration.
An hour from close on Friday, the Shell share is up almost 3.5%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.