Shell (LON:SHEL) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Shell (LON:SHEL - Free Report) had its price target boosted by JPMorgan Chase & Co. from GBX 3,200 ($39.07) to GBX 3,300 ($40.29) in a research note released on Tuesday,London Stock Exchange reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Separately, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,200 ($39.07) price target on shares of Shell in a research note on Monday, December 16th. Six analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of GBX 3,350 ($40.90).

Shell Stock Up 0.4 %

LON SHEL traded up GBX 9.98 ($0.12) on Tuesday, reaching GBX 2,672.98 ($32.63). The company had a trading volume of 19,967,445 shares, compared to its average volume of 12,175,626. The company's fifty day moving average is GBX 2,529.70 and its 200-day moving average is GBX 2,620.92. The firm has a market capitalization of £165.19 billion, a price-to-earnings ratio of 1,243.25, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company has a debt-to-equity ratio of 40.32, a quick ratio of 0.87 and a current ratio of 1.41. Shell has a 1-year low of GBX 2,345 ($28.63) and a 1-year high of GBX 2,961 ($36.15).

Shell Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, November 14th were issued a $0.34 dividend. The ex-dividend date was Thursday, November 14th. This represents a yield of 1.06%. Shell's dividend payout ratio (DPR) is 4,883.72%.

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.