JPMorgan Chase & Co. Boosts Shell (NYSE:SHEL) Price Target to GBX 2,850

Shell (NYSE:SHELGet Rating) had its price objective upped by equities researchers at JPMorgan Chase & Co. from GBX 2,700 ($35.13) to GBX 2,850 ($37.08) in a report released on Tuesday, The Fly reports.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley raised their price target on shares of Shell from GBX 2,440 ($31.75) to GBX 2,570 ($33.44) in a research note on Wednesday, March 23rd. Zacks Investment Research upgraded shares of Shell from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective for the company in a research report on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Shell from GBX 2,038 ($26.52) to GBX 2,551 ($33.19) in a report on Wednesday, March 23rd. Wells Fargo & Company lifted their target price on shares of Shell from $63.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, March 11th. Finally, Bank of America started coverage on shares of Shell in a report on Friday, February 4th. They issued a “buy” rating and a $66.00 price target for the company. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Shell has an average rating of “Buy” and a consensus price target of $1,177.86.

NYSE SHEL traded up $0.96 during trading on Tuesday, hitting $58.07. 246,247 shares of the company traded hands, compared to its average volume of 5,081,279. Shell has a 12 month low of $48.27 and a 12 month high of $57.77. The business has a fifty day simple moving average of $53.67 and a 200 day simple moving average of $48.94. The company has a current ratio of 1.35, a quick ratio of 1.08 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $222.12 billion, a P/E ratio of 11.25, a PEG ratio of 0.79 and a beta of 0.70.

Shell (NYSE:SHELGet Rating) last issued its quarterly earnings results on Thursday, February 3rd. The energy company reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.25. The company had revenue of $90.22 billion for the quarter. Shell had a return on equity of 11.34% and a net margin of 7.37%. Equities research analysts predict that Shell will post 8.97 EPS for the current fiscal year.

A number of large investors have recently made changes to their positions in SHEL. Foundry Partners LLC acquired a new position in shares of Shell during the first quarter worth $25,484,000. Wedge Capital Management L L P NC acquired a new position in shares of Shell during the first quarter valued at about $23,451,000. Hikari Power Ltd bought a new stake in shares of Shell during the first quarter worth about $18,781,000. Thomasville National Bank bought a new stake in shares of Shell during the first quarter worth about $13,509,000. Finally, Grandfield & Dodd LLC bought a new stake in shares of Shell during the first quarter worth about $12,500,000. 11.31% of the stock is currently owned by institutional investors and hedge funds.

Shell Company Profile (Get Rating)

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 necessary to deliver gas to market.

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