Shell’s (SHEL) Overweight Rating Reiterated at JPMorgan Chase & Co.

Shell (LON:SHEL)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a GBX 3,500 ($44.83) price objective on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 24.44% from the stock’s previous close.

SHEL has been the subject of a number of other research reports. Royal Bank of Canada reiterated an “outperform” rating and set a GBX 3,000 ($38.43) price objective on shares of Shell in a research report on Friday, May 3rd. Bank of America reiterated a “buy” rating and issued a GBX 3,300 ($42.27) price objective on shares of Shell in a research note on Monday, April 22nd. Berenberg Bank restated a “buy” rating and set a GBX 3,400 ($43.55) target price on shares of Shell in a research report on Tuesday, July 9th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 3,800 ($48.67) target price on shares of Shell in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Shell presently has an average rating of “Buy” and an average target price of GBX 3,278.33 ($41.99).

Shell Stock Down 0.1 %

SHEL opened at GBX 2,812.50 ($36.03) on Friday. The stock has a market capitalization of £178.88 billion, a price-to-earnings ratio of 1,308.14, a PEG ratio of 2.80 and a beta of 0.55. The firm has a 50 day moving average price of GBX 2,807.47 and a 200-day moving average price of GBX 2,666.88. Shell has a twelve month low of GBX 2,280.50 ($29.21) and a twelve month high of GBX 2,961 ($37.93). The company has a quick ratio of 0.87, a current ratio of 1.42 and a debt-to-equity ratio of 42.45.

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.