Analyst Christopher Kuplent of Bank of America Securities reiterated a Buy rating on Shell (UK), retaining the price target of p3,200.00.
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Christopher Kuplent has given his Buy rating due to a combination of factors including Shell’s ability to maintain a strong financial position despite weaker trading conditions. Even though there was a significant reduction in the earnings estimate for the second quarter of 2025, Shell’s net debt is expected to decrease slightly, supported by organic cash flow covering capital expenditures and dividends.
Moreover, Shell is perceived as undervalued compared to its peers and is considered well-prepared to handle prolonged periods of lower oil prices. The company’s ongoing portfolio restructuring, including new LNG volume contributions and expected inorganic proceeds, is anticipated to aid in recovery from short-term setbacks, reinforcing the Buy rating.
According to TipRanks, Kuplent is a 2-star analyst with an average return of 0.4% and a 66.15% success rate. Kuplent covers the Energy sector, focusing on stocks such as Equinor ASA, BP p.l.c., and Tenaris.
In another report released today, UBS also maintained a Buy rating on the stock with a p2,950.00 price target.