5 Undervalued European Stocks to Buy

In this piece, we will take a look at five undervalued European stocks to buy. If you want to find out what’s happening economically in Europe right now, take a look at 10 Undervalued European Stocks to Buy.

5. Shell plc (NYSE:SHEL)

Latest Trailing P/E Ratio: 5.04

Shell plc (NYSE:SHEL) is one of the largest oil companies in the world, with exploration, production, and retail operations in numerous countries. It is also the world’s largest trader of liquefied natural gas (LNG); however, shares fell in July as it warned that profits were falling after a boom in 2022.

By the end of this year’s first quarter, 41 of the 943 hedge funds profiled by Insider Monkey had invested in Shell plc (NYSE:SHEL). Out of these, the largest shareholder is Ken Fisher’s Fisher Asset Management through a $1.2 billion investment.