Shell (LON:SHEL) Given New GBX 3,200 Price Target at JPMorgan Chase & Co.

Shell (LON:SHEL – Get Free Report) had its target price increased by JPMorgan Chase & Co. from GBX 2,750 ($34.06) to GBX 3,200 ($39.64) in a note issued to investors on Friday, FlyOnTheWall reports. JPMorgan Chase & Co.‘s price target points to a potential upside of 22.72% from the company’s current price.

Several other research analysts also recently commented on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,850 ($35.30) target price on shares of Shell in a research note on Monday, July 24th. Barclays reissued an “overweight” rating and issued a GBX 3,500 ($43.35) target price on shares of Shell in a research report on Monday, July 10th. UBS Group increased their target price on shares of Shell from GBX 2,750 ($34.06) to GBX 2,800 ($34.68) in a report on Monday, June 19th. Deutsche Bank Aktiengesellschaft increased their target price on Shell from GBX 2,907 ($36.01) to GBX 3,268 ($40.48) and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Royal Bank of Canada reduced their target price on Shell from GBX 2,800 ($34.68) to GBX 2,700 ($33.44) in a research note on Friday, July 28th. Seven research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 2,999.36 ($37.15).

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Shell Stock Performance

LON SHEL opened at GBX 2,607.50 ($32.30) on Friday. The company has a debt-to-equity ratio of 43.92, a quick ratio of 0.87 and a current ratio of 1.46. The company has a market capitalization of £173.40 billion, a PE ratio of 785.39, a price-to-earnings-growth ratio of 0.28 and a beta of 0.65. Shell has a 52-week low of GBX 2,149.45 ($26.63) and a 52-week high of GBX 2,625.50 ($32.52). The company has a 50-day simple moving average of GBX 2,428.43 and a 200 day simple moving average of GBX 2,383.99.

About Shell

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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 necessary to deliver gas to market.

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