Shell’s (SHEL) Overweight Rating Reiterated at JPMorgan Chase & Co.

Shell (LON:SHEL)‘s stock had its “overweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a report released on Tuesday, LSE.Co.UK reports.

Several other brokerages also recently commented on SHEL. Bank of America reissued a “buy” rating and issued a GBX 3,400 ($45.53) price objective on shares of Shell in a research note on Wednesday, September 4th. Berenberg Bank reissued a “buy” rating and issued a GBX 3,400 ($45.53) price objective on shares of Shell in a research note on Tuesday, July 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Shell currently has an average rating of “Buy” and an average target price of GBX 3,400 ($45.53).

Shell Price Performance

LON:SHEL traded down GBX 5 ($0.07) on Tuesday, hitting GBX 2,572 ($34.44). The company had a trading volume of 21,479,730 shares, compared to its average volume of 11,183,887. The stock has a market capitalization of £159.72 billion, a price-to-earnings ratio of 1,196.28, a PEG ratio of 2.31 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 firm has a 50 day moving average of GBX 2,699.97 and a two-hundred day moving average of GBX 2,745.44. Shell has a 52 week low of GBX 2,345 ($31.40) and a 52 week high of GBX 2,961 ($39.65).

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.