JPMorgan Chase & Co. Issues Positive Forecast for Shell (LON:SHEL) Stock Price

Shell (LON:SHEL) had its price objective increased by stock analysts at JPMorgan Chase & Co. from GBX 3,200 ($39.16) to GBX 3,300 ($40.38) in a report released on Tuesday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 23.46% from the company’s previous close.

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,200 ($39.16) price target on shares of Shell in a research report on Monday, December 16th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Shell currently has a consensus rating of “Buy” and an average target price of GBX 3,350 ($40.99).

Shell Price Performance

Shares of LON:SHEL traded up GBX 9.98 ($0.12) on Tuesday, reaching GBX 2,672.98 ($32.71). 19,967,445 shares of the company traded hands, compared to its average volume of 12,175,626. The stock has a market capitalization of £165.19 billion, a PE ratio of 1,243.25, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a debt-to-equity ratio of 40.32, a current ratio of 1.41 and a quick ratio of 0.87. The company’s 50 day moving average is GBX 2,528.12 and its 200-day moving average is GBX 2,621.86. Shell has a fifty-two week low of GBX 2,345 ($28.70) and a fifty-two week high of GBX 2,961 ($36.23).

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.