JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Shell (LON:SHEL)

Shell (LON:SHEL)‘s stock had its “overweight” rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued on Friday, Digital Look reports. They presently have a GBX 3,500 ($44.83) price target on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 24.49% from the company’s current price.

Other analysts have also issued research reports about the company. Berenberg Bank restated a “buy” rating and issued a GBX 3,400 ($43.55) price objective on shares of Shell in a research note on Tuesday. Bank of America reiterated a “buy” rating and issued a GBX 3,300 ($42.27) target price on shares of Shell in a research report on Monday, April 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a GBX 3,000 ($38.43) target price on shares of Shell in a research report on Friday, May 3rd. Finally, Barclays reiterated an “overweight” rating and issued a GBX 3,800 ($48.67) target price on shares of Shell in a research report on Friday, May 3rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 3,278.33 ($41.99).

Shell Stock Performance

SHEL traded down GBX 3.44 ($0.04) during trading on Friday, reaching GBX 2,811.56 ($36.01). 106,441,984 shares of the company were exchanged, compared to its average volume of 12,211,797. The stock has a market cap of £178.82 billion, a P/E ratio of 1,309.30, a PEG ratio of 2.80 and a beta of 0.55. The firm has a 50 day moving average of GBX 2,808.39 and a 200 day moving average of GBX 2,664.48. The company has a current ratio of 1.42, a quick ratio of 0.87 and a debt-to-equity ratio of 42.45. Shell has a 52 week low of GBX 2,280.50 ($29.21) and a 52 week high of GBX 2,961 ($37.93).

About Shell

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.