Shell stock: JPMorgan lifts target to GBp 4,100 for Shell stock

Published on 10/16/2026 at 16:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Shell's second-quarter revenue reached USD 94.66 billion, up 44.72 percent year on year. Shell stock costs EUR 46.85 on October 16, 2026.

Target, earnings and valuation

On October 8, 2026, JPMorgan raised its Shell target to GBp 4,100.
Second-quarter revenue reached USD 94.66 billion, up 44.72 percent year on year.
Shell stock costs EUR 46.85 at Lang & Schwarz on October 16, 2026 at 4:39 p.m. CEST.
Shell's price-to-earnings ratio was 11.61 on October 16, 2026.

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JPMorgan raised its Shell target from GBp 3,600.00 to GBp 4,100.00 on October 8, 2026, while keeping an Overweight rating, according to Markets Insider. The target stood 4.14 percent above Shell's LSE price of GBp 3,937.00 on October 16, 2026 at 3:53 p.m. BST. At Lang & Schwarz, Shell stock was trading at EUR 46.85 on October 16, 2026 at 4:39 p.m. CEST.

Second-quarter revenue reached USD 94.66 billion

Shell's second-quarter revenue was USD 94.66 billion, up 44.72 percent from USD 65.41 billion a year earlier. Net profit attributable to shareholders reached USD 10.82 billion, compared with USD 3.60 billion in the year-ago quarter, according to Markets Insider.

London range and yearly high

The London-listed shares stood at GBp 3,937.00 on October 16, 2026 at 3:53 p.m. BST, with a 52-week range of GBp 2,553.77 to GBp 3,945.00. The current level was 0.20 percent below the 52-week high. Shell's third-quarter update on October 7, 2026 had pointed to a USD 42.00 indicative refining margin, versus USD 24.00 in the second quarter, but that announcement is not the market focus here.

Valuation and October 29 results

Shell's price-to-earnings ratio was 11.61 and its dividend yield was 3.00 percent on October 16, 2026. Market capitalization stood at USD 221.6 billion on the same date. Shell's official investor calendar lists third-quarter results and the interim dividend announcement for October 29, 2026 at 7:00 a.m. GMT, according to Shell.

Comparison with peers

Shell: plus 1.47 percent, P/E 11.61, market capitalization USD 221.6 billion
BP (NYSE, USD): plus 2.13 percent, P/E 23.89, market capitalization USD 129.7 billion
TotalEnergies (NYSE, USD): plus 2.33 percent, P/E 11.33, market capitalization USD 201.7 billion

Price and valuation in view

Shell combines a 4.14 percent JPMorgan target distance with a 3.00 percent dividend yield and a results date on October 29, 2026. The London quote remained 0.20 percent below its 52-week high on October 16, 2026, giving the valuation figures a clear market context.

At Lang & Schwarz, Shell stock was trading at EUR 46.85 on October 16, 2026 at 4:39 p.m. CEST.

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