Shell: UBS still a buyer
(CercleFinance.com) - UBS reiterates its buy rating on the stock with a target price of 2750p (CP: 2237p, -1.
5%) after the presentation of two scenarios examining energy and climate security.
Shell's management provided an update on energy transition and ESG progress ahead of its AGM on 23 May. The company also released two new energy scenarios to 2050, the broker notes
Called Archipelagos, the first scenario is "exploratory" and presents how the transition phenomenon could stretch until the end of the century. Net zero could be reached by 2100.
The second scenario, Sky 2050, is normative and extremely difficult and shows how fast the world must move forward to reach the goal of the Paris Agreement.
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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.
5%) after the presentation of two scenarios examining energy and climate security.
Shell's management provided an update on energy transition and ESG progress ahead of its AGM on 23 May. The company also released two new energy scenarios to 2050, the broker notes
Called Archipelagos, the first scenario is "exploratory" and presents how the transition phenomenon could stretch until the end of the century. Net zero could be reached by 2100.
The second scenario, Sky 2050, is normative and extremely difficult and shows how fast the world must move forward to reach the goal of the Paris Agreement.
Copyright (c) 2023 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.