JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Shell (LON:SHEL) Stock

by · The Cerbat Gem

Shell (LON:SHEL – Get Free Report) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from GBX 3,100 to GBX 3,200 in a research note issued on Friday,Digital Look reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 15.96% from the company’s current price.

SHEL has been the topic of several other research reports. Citigroup upped their price target on Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a report on Monday, November 3rd. Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 3,600 price target on shares of Shell in a research report on Thursday, October 30th. Jefferies Financial Group lifted their price objective on Shell from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Monday, November 17th. Finally, Berenberg Bank boosted their target price on shares of Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,190.

Check Out Our Latest Analysis on Shell

Shell Price Performance

Shares of SHEL traded down GBX 39.83 during midday trading on Friday, reaching GBX 2,759.67. The stock had a trading volume of 5,553,819 shares, compared to its average volume of 8,629,529. The firm’s 50 day moving average price is GBX 2,783.66 and its 200-day moving average price is GBX 2,675.82. The company has a market capitalization of £157.76 billion, a P/E ratio of 11.26, a P/E/G ratio of 2.50 and a beta of 0.51. Shell has a 52 week low of GBX 2,269.92 and a 52 week high of GBX 2,937.50.

Shell Company Profile

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Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner.

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