Shell (LON:SHEL) Stock Price Down 0.1% – What’s Next?

Shares of Shell plc (LON:SHEL) dropped 0.1% on Friday . The stock traded as low as GBX 2,697 and last traded at GBX 2,698. Approximately 1,427,830 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 8,545,817 shares. The stock had previously closed at GBX 2,702.

Wall Street Analyst Weigh In

SHEL has been the topic of several recent analyst reports. Citigroup lifted their price objective on shares of Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Berenberg Bank lifted their price target on shares of Shell from GBX 3,000 to GBX 3,250 and gave the company a “buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,600 price objective on shares of Shell in a report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research report on Friday, December 5th. Finally, Jefferies Financial Group lifted their target price on Shell from GBX 3,000 to GBX 3,200 and gave the stock a “buy” rating in a report on Monday, November 17th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,190.

Shell Stock Performance

The stock has a market cap of £154.24 billion, a P/E ratio of 11.01, a P/E/G ratio of 2.50 and a beta of 0.51. The stock’s fifty day moving average is GBX 2,781.68 and its 200 day moving average is GBX 2,701.88.

About Shell

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.