JPMorgan Chase & Co. Reaffirms Buy Rating for Shell (LON:SHEL)

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

Several other research firms have also recently weighed in on SHEL. The Goldman Sachs Group reiterated a “buy” rating on shares of Shell in a research note on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Shell in a research note on Thursday, May 21st. Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a research note on Wednesday, April 8th. Berenberg Bank decreased their target price 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. Finally, Morgan Stanley lowered shares of Shell to an “equal weight” rating in a research report on Wednesday, March 25th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Shell currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,949.

Shell Stock Performance

LON:SHEL traded up GBX 31.50 during trading hours on Wednesday, hitting GBX 3,214. 210,701,469 shares of the company traded hands, compared to its average volume of 13,398,428. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 43.58. Shell has a twelve month low of GBX 2,498.96 and a twelve month high of GBX 3,758.50. The firm has a 50-day moving average of GBX 3,291.08 and a 200 day moving average of GBX 3,030.93. The stock 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.