Shell (LON:SHEL) Price Target Raised to GBX 3,300

Shell (LON:SHEL) had its price objective increased by equities researchers at JPMorgan Chase & Co. from GBX 3,200 ($39.16) to GBX 3,300 ($40.38) in a report released on Tuesday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 23.46% from the company’s previous close.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,200 ($39.16) price target on shares of Shell in a research report on Monday, December 16th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 3,350 ($40.99).

Shell Trading Up 0.4 %

LON:SHEL traded up GBX 9.98 ($0.12) during trading hours on Tuesday, reaching GBX 2,672.98 ($32.71). 19,967,445 shares of the company were exchanged, compared to its average volume of 12,175,626. The firm has a market cap of £165.19 billion, a price-to-earnings ratio of 1,243.25, a PEG ratio of 2.50 and a beta of 0.51. The stock has a 50 day simple moving average of GBX 2,528.12 and a 200 day simple moving average of GBX 2,621.86. Shell has a 52-week low of GBX 2,345 ($28.70) and a 52-week high of GBX 2,961 ($36.23). The company has a debt-to-equity ratio of 40.32, a current ratio of 1.41 and a quick ratio of 0.87.

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.