Shell (LON:SHEL) Receives Buy Rating from JPMorgan Chase & Co.

Shell (LON:SHEL)‘s stock had its “buy” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a research note issued to investors on Wednesday,MarketScreener reports.

Several other research firms have also weighed in on SHEL. Jefferies Financial Group reissued a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Shell in a research report on Thursday, May 21st. HSBC raised Shell from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Royal Bank Of Canada reissued a “neutral” rating on shares of Shell in a research report on Wednesday, April 8th. UBS Group restated a “neutral” rating and set a GBX 3,850 price target on shares of Shell in a report on Tuesday, May 5th. Finally, Berenberg Bank lowered their price objective on shares of Shell from GBX 4,100 to GBX 4,000 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Shell presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,949.

Shell Trading Up 1.0%

LON SHEL traded up GBX 31.50 on Wednesday, hitting GBX 3,214. 210,701,469 shares of the stock were exchanged, compared to its average volume of 13,398,428. The company’s 50-day moving average price is GBX 3,291.08 and its two-hundred day moving average price is GBX 3,030.93. The company has a debt-to-equity ratio of 43.58, a current ratio of 1.27 and a quick ratio of 0.87. Shell has a 52-week low of GBX 2,498.96 and a 52-week high of GBX 3,758.50. The company has a market capitalization of £178.55 billion, a price-to-earnings ratio of 10.01, a P/E/G ratio of 2.50 and a beta of 0.43.

Shell Company Profile

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. We are positioning Shell to become the investment case and partner of choice through the energy transition.