Shell (LON:SHEL – Get Free Report) had its price objective reduced by equities researchers at JPMorgan Chase & Co. from GBX 3,550 ($46.68) to GBX 3,400 ($44.71) in a report issued on Tuesday, LSE.Co.UK reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 30.06% from the stock’s current price.
Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,400 ($44.71) price objective on shares of Shell in a report on Tuesday, July 9th. Five 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 target price of GBX 3,380 ($44.44).
Shell Stock Performance
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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