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

JPMorgan Chase & Co. restated their overweight rating on shares of Shell (LON:SHEL) in a research report report published on Wednesday, LSE.Co.UK reports. The brokerage currently has a GBX 3,500 ($44.27) target price on the stock.

SHEL has been the topic of a number of other reports. Barclays reissued an overweight rating and issued a GBX 3,800 ($48.06) price objective on shares of Shell in a research report on Friday, May 3rd. Royal Bank of Canada restated an outperform rating and issued a GBX 3,000 ($37.95) price objective on shares of Shell in a report on Friday, May 3rd. Finally, Bank of America restated a buy rating and issued a GBX 3,300 ($41.74) price objective on shares of Shell in a report on Monday, April 22nd. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of Buy and an average target price of GBX 3,212.57 ($40.63).

Shell Price Performance

Shares of SHEL opened at GBX 2,860 ($36.18) on Wednesday. Shell has a fifty-two week low of GBX 2,251 ($28.47) and a fifty-two week high of GBX 2,961 ($37.45). The firm’s 50 day moving average price is GBX 2,811.92 and its 200 day moving average price is GBX 2,653.10. The company has a market cap of £181.90 billion, a P/E ratio of 1,326.05, a PEG ratio of 2.80 and a beta of 0.55. 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 Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, June 24th. Investors of record on Thursday, May 16th were given a $0.34 dividend. This represents a dividend yield of 0.98%. The ex-dividend date was Thursday, May 16th. Shell’s dividend payout ratio (DPR) is 5,069.77%.

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.