JPMorgan Chase & Co. Has Lowered Expectations for Shell (LON:SHEL) Stock Price

Shell (LON:SHEL) had its price target lowered by research analysts at JPMorgan Chase & Co. from GBX 3,900 to GBX 3,600 in a research note issued on Friday,Digital Look reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 24.16% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Barclays reiterated a “buy” rating on shares of Shell in a report on Thursday, May 7th. Berenberg Bank cut their target price on shares of Shell from GBX 4,100 to GBX 4,000 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of Shell in a research note on Friday, May 8th. Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a report on Wednesday, April 8th. Finally, Morgan Stanley downgraded Shell to an “equal weight” rating in a report on Wednesday, March 25th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,899.

Shell Stock Performance

Shell stock opened at GBX 2,899.50 on Friday. Shell has a 1-year low of GBX 2,541.71 and a 1-year high of GBX 3,758.50. The company’s 50-day moving average is GBX 3,148.02 and its 200 day moving average is GBX 3,061.12. The firm has a market capitalization of £161.08 billion, a P/E ratio of 9.03, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. The company has a debt-to-equity ratio of 43.58, a current ratio of 1.27 and a quick ratio of 0.86.

About Shell

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. We are positioning Shell to become the investment case and partner of choice through the energy transition.