Shell (LON:SHEL) Given "Overweight" Rating at JPMorgan Chase & Co.

Key Points

• Shell's stock has been given an "overweight" rating by JPMorgan Chase & Co., indicating analysts' positive outlook for the company's performance.
• The current consensus price target for Shell shares is GBX 3,158.33 ($41.72), reflecting an average rating of "Moderate Buy" from several brokerages.
• Shell's market cap stands at £204.11 billion, with its stock trading at a recent price of GBX 2,710.50 ($35.81).

Shell (LON:SHEL - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at JPMorgan Chase & Co. in a research note issued on Friday, Marketbeat.com reports.

Several other brokerages have also recently issued reports on SHEL. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 3,400 ($44.91) price objective on shares of Shell in a research note on Friday. Berenberg Bank reissued a "buy" rating and issued a GBX 3,000 ($39.63) price objective on shares of Shell in a research note on Monday, July 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 3,158.33 ($41.72).

Shell Stock Performance

SHEL opened at GBX 2,710.50 ($35.81) on Friday. Shell has a one year low of GBX 2,269.92 ($29.99) and a one year high of GBX 2,947.06 ($38.93). The stock has a market cap of £204.11 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 2.50 and a beta of 0.51. The stock's 50 day moving average price is GBX 2,584.12 and its 200-day moving average price is GBX 2,580.60.

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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