JP Morgan Cazenove Maintains Overweight Rating for Shell (RYDAF)

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On December 5, 2025, JP Morgan Cazenove reiterated its Overweight rating for Shell (OTCPK:RYDAF). The average one-year price target for Shell is $43.57/share, representing a potential increase of 24.12% from its latest closing price of $35.10/share, with forecasts ranging from $35.56 to $80.76.

Projected annual revenue for Shell is $363,573 million, an increase of 35.12%, while the projected non-GAAP EPS stands at 4.23. Currently, 835 funds report positions in Shell, reflecting a decrease of 28 owners (3.24%) in the last quarter. Total institutional shares owned increased by 1.10% to 933,778K shares.

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