JPMorgan Chase & Co. Increases Shell (LON:SHEL) Price Target to GBX 3,300

Shell (LON:SHEL) had its target price lifted by JPMorgan Chase & Co. from GBX 3,200 ($39.07) to GBX 3,300 ($40.29) in a research report sent to investors on Tuesday morning,London Stock Exchange reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,200 ($39.07) target price on shares of Shell in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Shell currently has a consensus rating of “Buy” and a consensus target price of GBX 3,350 ($40.90).

Shell Price Performance

Shares of LON:SHEL opened at GBX 2,678.50 ($32.70) on Tuesday. The company has a market capitalization of £165.53 billion, a P/E ratio of 1,245.81, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company’s 50-day moving average is GBX 2,529.70 and its 200 day moving average is GBX 2,620.92. The company has a debt-to-equity ratio of 40.32, a quick ratio of 0.87 and a current ratio of 1.41. Shell has a fifty-two week low of GBX 2,345 ($28.63) and a fifty-two week high of GBX 2,961 ($36.15).

Shell Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.34 per share. This represents a yield of 1.06%. The ex-dividend date was Thursday, November 14th. Shell’s dividend payout ratio (DPR) is presently 4,883.72%.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.