JPMorgan Chase & Co. Cuts Shell (LON:SHEL) Price Target to GBX 3,400

Shell (LON:SHEL) 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

LON:SHEL traded down GBX 70.42 ($0.93) during trading hours on Tuesday, reaching GBX 2,614.08 ($34.37). The company had a trading volume of 12,831,765 shares, compared to its average volume of 11,021,209. The firm has a market cap of £162.86 billion, a price-to-earnings ratio of 1,215.85, a PEG ratio of 2.49 and a beta of 0.55. 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 firm’s 50 day moving average price is GBX 2,783.97 and its 200-day moving average price is GBX 2,737.72. Shell has a 52 week low of GBX 2,345 ($30.83) and a 52 week high of GBX 2,961 ($38.93).

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.