Shell’s (SHEL) “Overweight” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Shell (LON:SHEL) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports.

Several other analysts also recently commented on SHEL. Berenberg Bank reissued a buy rating and issued a GBX 3,400 ($45.53) target price on shares of Shell in a research report on Tuesday, July 9th. Bank of America reissued a buy rating and issued a GBX 3,400 ($45.53) target price on shares of Shell in a research report on Wednesday, September 4th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average price target of GBX 3,400 ($45.53).

Shell Stock Performance

SHEL stock opened at GBX 2,424 ($32.46) on Tuesday. The company has a quick ratio of 0.87, a current ratio of 1.41 and a debt-to-equity ratio of 40.32. The company has a market capitalization of £150.05 billion, a price-to-earnings ratio of 1,157.08, a P/E/G ratio of 2.45 and a beta of 0.51. Shell has a 12 month low of GBX 2,345 ($31.40) and a 12 month high of GBX 2,961 ($39.65). The firm has a 50 day moving average of GBX 2,681.89 and a two-hundred day moving average of GBX 2,745.92.

Shell Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 23rd. Stockholders of record on Thursday, August 15th were paid a $0.34 dividend. This represents a dividend yield of 0.94%. The ex-dividend date was Thursday, August 15th. Shell’s payout ratio is 5,000.00%.

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.