Shell (LON:SHEL) Given “Buy” Rating at JPMorgan Chase & Co.

Shell (LON:SHEL)‘s stock had its “buy” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday,MarketScreener reports.

Several other equities analysts have also weighed in on the company. Morgan Stanley lowered Shell to an “equal weight” rating in a research note on Wednesday, March 25th. UBS Group reiterated a “neutral” rating and set a GBX 3,850 price target on shares of Shell in a research report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating and issued a $45.00 price objective (up from $44.00) on shares of Shell in a report on Thursday. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of Shell in a research note on Wednesday, April 8th. Finally, Barclays reiterated a “buy” rating on shares of Shell in a research report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Shell currently has an average rating of “Moderate Buy” and an average price target of GBX 2,949.

Shell Stock Performance

SHEL traded down GBX 31 on Friday, reaching GBX 3,208. The stock had a trading volume of 103,326,258 shares, compared to its average volume of 12,712,430. The business’s 50-day moving average price is GBX 3,348.28 and its two-hundred day moving average price is GBX 3,000.07. The company has a market cap of £178.91 billion, a P/E ratio of 10.69, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. Shell has a 12-month low of GBX 2,403.50 and a 12-month high of GBX 3,592. The company has a current ratio of 1.27, a quick ratio of 0.87 and a debt-to-equity ratio of 43.58.

Insider Buying and Selling

In other news, insider Wael Sawan bought 23,980 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were acquired at an average price of GBX 3,011 per share, for a total transaction of £722,037.80. Also, insider Sinead Gorman purchased 15,841 shares of the stock in a transaction dated Thursday, February 26th. The stock was purchased at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51. 0.04% of the stock is owned by corporate insiders.

Shell Company Profile

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.