Shell (LON:SHEL) Price Target Lowered to GBX 3,600 at JPMorgan Chase & Co.

Shell (LON:SHEL) had its target price cut by analysts at JPMorgan Chase & Co. from GBX 3,900 to GBX 3,600 in a research report issued on Friday,Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 24.16% from the company’s current price.

A number of other equities analysts have also commented on SHEL. Berenberg Bank dropped their price objective on Shell from GBX 4,100 to GBX 4,000 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Morgan Stanley downgraded Shell to an “equal weight” rating in a research note on Wednesday, March 25th. UBS Group reaffirmed a “neutral” rating on shares of Shell in a report on Tuesday, June 16th. Jefferies Financial Group reiterated a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Shell in a report on Thursday, May 21st. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Shell in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,899.

Shell Stock Up 0.0%

Shell stock opened at GBX 2,899.50 on Friday. The company has a debt-to-equity ratio of 43.58, a current ratio of 1.27 and a quick ratio of 0.86. Shell has a fifty-two week low of GBX 2,541.71 and a fifty-two week high of GBX 3,758.50. The firm has a fifty day moving average price of GBX 3,148.02 and a two-hundred day moving average price of GBX 3,061.12. The firm has a market cap of £161.08 billion, a price-to-earnings ratio of 9.03, a P/E/G ratio of 2.50 and a beta of 0.43.

About Shell

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.