Shell (LON:SHEL) Stock Price Up 1.8% – Should You Buy?

Shell plc (LON:SHEL) shares rose 1.8% on Thursday . The stock traded as high as GBX 2,601 ($32.75) and last traded at GBX 2,597 ($32.70). Approximately 6,364,963 shares changed hands during trading, a decline of 63% from the average daily volume of 17,311,904 shares. The stock had previously closed at GBX 2,551 ($32.12).

Analysts Set New Price Targets

Several research firms recently weighed in on SHEL. Bank of America reissued a “buy” rating and issued a GBX 3,400 ($42.80) target price on shares of Shell in a research note on Wednesday, September 4th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a research note on Tuesday, September 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 3,400 ($42.80).

Shell Stock Up 1.8 %

The firm has a fifty day simple moving average of GBX 2,548.72 and a 200-day simple moving average of GBX 2,694.41. The firm has a market cap of £160.49 billion, a price-to-earnings ratio of 1,207.91, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a debt-to-equity ratio of 40.32, a quick ratio of 0.87 and a current ratio of 1.41.

Shell Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 14th will be issued a dividend of $0.34 per share. This represents a yield of 1.06%. The ex-dividend date of this dividend is Thursday, November 14th. Shell’s dividend payout ratio is 4,883.72%.

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.