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

Shell (LON:SHEL) had its price target increased by JPMorgan Chase & Co. from GBX 3,200 ($39.17) to GBX 3,300 ($40.39) in a research note issued on Tuesday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 23.07% from the company’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and issued a GBX 3,200 ($39.17) target price on shares of Shell in a report on Monday, December 16th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 3,350 ($41.00).

Shell Stock Performance

LON SHEL opened at GBX 2,681.50 ($32.82) on Tuesday. The business’s 50 day moving average price is GBX 2,531.16 and its 200-day moving average price is GBX 2,620.16. Shell has a fifty-two week low of GBX 2,345 ($28.70) and a fifty-two week high of GBX 2,961 ($36.24). The company has a market cap of £165.72 billion, a P/E ratio of 1,247.21, 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 quick ratio of 0.87 and a current ratio of 1.41.

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.