Shell (LON:SHEL – Get Free Report)‘s stock had its “overweight” rating reissued by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, Digital Look reports. They currently have a GBX 3,500 ($44.83) price target on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 24.49% from the stock’s current price.
A number of other research analysts have also recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,400 ($43.55) price target on shares of Shell in a report on Tuesday. Bank of America reissued a “buy” rating and set a GBX 3,300 ($42.27) price objective on shares of Shell in a report on Monday, April 22nd. Royal Bank of Canada reissued an “outperform” rating and set a GBX 3,000 ($38.43) price objective on shares of Shell in a report on Friday, May 3rd. Finally, Barclays reissued an “overweight” rating and set a GBX 3,800 ($48.67) price objective on shares of Shell in a report on Friday, May 3rd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, Shell has an average rating of “Buy” and a consensus price target of GBX 3,278.33 ($41.99).
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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.
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