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

JPMorgan Chase & Co. reiterated their buy rating on shares of Shell (LON:SHELFree Report) in a research report released on Friday morning,MarketScreener reports.

A number of other research firms have also issued reports on SHEL. BNP Paribas Exane lowered shares of Shell from an “outperform” rating to a “neutral” rating in a research report on Friday, April 17th. Morgan Stanley downgraded shares of Shell to an “equal weight” rating in a report on Wednesday, March 25th. UBS Group reiterated a “neutral” rating and issued a GBX 3,850 price objective on shares of Shell in a research note on Tuesday. Rothschild & Co Redburn cut shares of Shell to a “neutral” rating in a report on Thursday, April 9th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 44 target price on shares of Shell in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 2,824.

Read Our Latest Stock Analysis on SHEL

Shell Trading Down 1.1%

Shell stock opened at GBX 3,103 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.27 and a debt-to-equity ratio of 43.58. Shell has a 52 week low of GBX 2,403.50 and a 52 week high of GBX 3,592. The company has a market capitalization of £173.05 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. The stock has a 50-day moving average price of GBX 3,331.25 and a 200 day moving average price of GBX 2,973.70.

Insider Activity at Shell

In related news, insider Sinead Gorman purchased 15,841 shares of Shell stock in a transaction that occurred on Thursday, February 26th. The stock was bought at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. Also, insider Wael Sawan purchased 23,980 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was bought at an average cost of GBX 3,011 per share, with a total value of £722,037.80. 0.04% of the stock is currently owned by company insiders.

Key Headlines Impacting Shell

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About Shell

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

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