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

JPMorgan Chase & Co. reissued their overweight rating on shares of Shell (LON:SHEL) in a research note issued to investors on Tuesday, MarketBeat Ratings reports.

Several other research firms have also recently commented on SHEL. Bank of America reissued a buy rating and set a GBX 3,400 ($45.53) target price on shares of Shell in a research note on Wednesday, September 4th. Berenberg Bank reissued a buy rating and set a GBX 3,400 ($45.53) target price on shares of Shell in a research note on Tuesday, July 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus target price of GBX 3,400 ($45.53).

Shell Stock Up 0.4 %

Shell stock opened at GBX 2,424 ($32.46) on Tuesday. The stock has a market cap of £150.05 billion, a price-to-earnings ratio of 1,157.08, a PEG ratio of 2.45 and a beta of 0.51. The company has a current ratio of 1.41, a quick ratio of 0.87 and a debt-to-equity ratio of 40.32. The company’s 50-day moving average price is GBX 2,681.89 and its two-hundred day moving average price is GBX 2,745.92. Shell has a 52 week low of GBX 2,345 ($31.40) and a 52 week high of GBX 2,961 ($39.65).

Shell Dividend Announcement

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

Shell Company Profile

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.