Shell plc (LON:SHEL – Get Free Report)’s stock price traded up 0.6% during mid-day trading on Monday . The company traded as high as GBX 2,804 ($35.57) and last traded at GBX 2,794.50 ($35.45). 5,684,355 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 12,016,726 shares. The stock had previously closed at GBX 2,777 ($35.23).
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 3,000 ($38.06) target price on shares of Shell in a research note on Friday, May 3rd. Bank of America reiterated a “buy” rating and issued a GBX 3,300 ($41.86) price objective on shares of Shell in a research note on Monday, April 22nd. Finally, Barclays reissued an “overweight” rating and set a GBX 3,800 ($48.20) target price on shares of Shell in a research note on Friday, May 3rd. Six research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of GBX 3,169.71 ($40.21).
Get Our Latest Research Report on Shell
Shell Trading Up 0.6 %
Shell Announces Dividend
The firm also recently announced a dividend, which was paid on Monday, June 24th. Stockholders of record on Thursday, May 16th were issued a $0.34 dividend. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend was Thursday, May 16th. Shell’s dividend payout ratio is presently 5,069.77%.
About Shell
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.
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