JPMorgan Raises PT on Shell plc (SHEL), Here's Why

​Shell plc (NYSE:SHEL) is one of the Best Undervalued UK Stocks to Invest In. On February 26, JPMorgan analyst Matthew Lofting raised the price target on Shell plc (NYSE:SHEL) from 3,200 GBp to 3,400 GBp, while maintaining a Buy rating. On the same day, Berenberg also raised the price target from 3,250 GBp to 3,300 GBp and maintained a Buy rating on the stock.

​Wall Street has a bullish sentiment on the stock despite the company missing earnings estimates on February 5. During fiscal Q4 2025, the company posted $64.09 billion in revenue, reflecting 3.3% decline year-over-year and short of expectations by $1.72 billion. The EPS of $1.14 also fell short of the consensus by $0.15.

​Management noted that the quarterly performance was impacted by noncash tax impacts and lower oil prices. The challenges were slightly offset by strong operational performance as the company delivered $3.3 billion in adjusted earnings. This was driven by strong upstream earnings of $1.57 billion. Notably, Cash Flow from Operations remained robust at $9.4 billion despite some typical year-end payments. Management highlighted that the CapEx range for 2026 remains at $20 billion to $22 billion, with the aim of maintaining a strong balance sheet.

​Headquartered in London, Shell plc (NYSE:SHEL) produces oil and natural gas. The company’s operations are divided into the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate.

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