Shell (LON:SHEL) Trading Down 0.5% – Time to Sell?

Shell plc (LON:SHEL)’s stock price dropped 0.5% during mid-day trading on Wednesday . The stock traded as low as GBX 2,748 ($36.83) and last traded at GBX 2,764 ($37.05). Approximately 7,406,426 shares were traded during trading, a decline of 14% from the average daily volume of 8,588,982 shares. The stock had previously closed at GBX 2,779 ($37.25).

Wall Street Analysts Forecast Growth

SHEL has been the subject of several research analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and set a GBX 3,400 target price on shares of Shell in a research report on Friday, August 1st. Citigroup increased their target price on Shell from GBX 2,450 to GBX 2,650 and gave the stock a “neutral” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a research note on Friday, August 1st. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 3,000 price target on shares of Shell in a research note on Friday, August 1st. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Shell has a consensus rating of “Moderate Buy” and an average price target of GBX 3,110.

Shell Trading Down 0.5%

The firm has a market capitalization of £159.68 billion, a P/E ratio of 1,233.93, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The firm has a 50 day moving average price of GBX 2,677.69 and a 200-day moving average price of GBX 2,590.50.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.