JPMorgan raises target for Shell stock to GBp 4,100.00

Published on 10/13/2026 at 13:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell reports third-quarter results on October 29, 2026. Shell stock costs EUR 45.56 on October 13, 2026, down 0.08 percent on the LSE.

In an October 8 note, JPMorgan lifted its Shell target to GBp 4,100.00 from GBp 3,600.00.
Shell is scheduled to publish third-quarter results on October 29, 2026.
Shell stock costs EUR 45.56 at Lang & Schwarz on October 13, 2026 at 1:34 p.m. CEST, down 0.08 percent on the LSE.
Shell traded on a P/E ratio of 11.23 on October 13, 2026.

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JPMorgan analyst Matthew Lofting raised the price target for Shell stock to GBp 4,100.00 from GBp 3,600.00 in a note dated October 8, 2026, according to Markets Insider. The target lies 6.97 percent above the London Stock Exchange price of GBp 3,833.00. Shell was trading at EUR 45.56 at Lang & Schwarz on October 13, 2026 at 1:34 p.m. CEST, while its London listing was down 0.08 percent on the day.

Results arrive October 29

Shell is scheduled to publish its third-quarter 2026 results and interim dividend announcement on October 29, 2026, according to Shell. The date gives the analyst target a clear near-term test because the companys next report will show whether the stronger operating outlook translated into reported earnings and cash flow.

Refining margin rises to USD 42

Shells third-quarter outlook put the indicative refining margin at USD 42.00 per barrel, up from USD 24.00 per barrel in the second quarter, while the chemicals margin fell to USD 208.00 per tonne from USD 270.00. Morningstar reported the figures on October 7, 2026.

Integrated Gas production was projected at 740,000 to 780,000 barrels of oil equivalent per day, compared with 631,000 barrels of oil equivalent per day in the second quarter. The contrast matters for investors because the refining improvement comes alongside weaker chemicals economics, rather than across every operating division.

London price below yearly high

Shells London Stock Exchange range was GBp 2,553.77 to GBp 3,855.00 on October 13, 2026, putting the GBp 3,833.00 price 0.57 percent below the yearly high. Trading volume stood at 1,286,768 shares against an average of 10,076,945 shares.

Valuation and peer prices

Shell carried a P/E ratio of 11.23 and a market capitalization of GBP 212.1 billion on October 13, 2026. The target change from GBp 3,600.00 to GBp 4,100.00 is the clearest quantified analyst signal in the recent coverage, but the scheduled results remain the next company-specific date.

Comparison with peers

Shell (LSE, GBp): minus 0.08 percent, P/E 11.23, market capitalization GBP 212.1 billion
Exxon Mobil (NYSE, USD): plus 1.90 percent, P/E 22.16, market capitalization USD 713.5 billion
Chevron (NYSE, USD): plus 1.42 percent, P/E 20.61, market capitalization USD 428.2 billion

Shell stock and the next session

The Lang & Schwarz quote stood at EUR 45.56 on October 13, 2026 at 1:34 p.m. CEST. Shells London listing was down 0.08 percent on the day, while the euro quote remained below its previous Lang & Schwarz level of EUR 45.48.

The further course of trading is shown by the continuously updated real-time quote of Shell stock.