Shell (LON:SHEL) Price Target Raised to GBX 3,200

Shell (LON:SHEL) had its price target increased by JPMorgan Chase & Co. from GBX 3,100 to GBX 3,200 in a research report released on Friday morning, MarketBeat.com reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Monday, November 17th. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,600 price objective on shares of Shell in a research note on Thursday, October 30th. Citigroup boosted their target price on Shell from GBX 2,650 to GBX 2,700 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Berenberg Bank upped their target price on Shell from GBX 3,000 to GBX 3,250 and gave the company a “buy” rating in a report on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,190.

Shell Trading Down 1.4%

Shares of SHEL opened at GBX 2,759.67 on Friday. Shell has a twelve month low of GBX 2,269.92 and a twelve month high of GBX 2,937.50. The stock’s fifty day simple moving average is GBX 2,784.18 and its 200 day simple moving average is GBX 2,680.57. The firm has a market capitalization of £157.76 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51.

Shell Company Profile

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.