Shell (LON:SHEL) Shares Down 0.1% – Here’s Why

Shell plc (LON:SHEL)’s stock price traded down 0.1% during trading on Monday . The company traded as low as GBX 2,715.50 ($35.09) and last traded at GBX 2,725 ($35.21). 5,366,628 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 9,986,133 shares. The stock had previously closed at GBX 2,727 ($35.24).

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Berenberg Bank reissued a “buy” rating and set a GBX 3,250 ($42.00) price objective on shares of Shell in a research note on Wednesday, February 19th. JPMorgan Chase & Co. increased their price target on Shell from GBX 3,200 ($41.35) to GBX 3,300 ($42.64) and gave the company an “overweight” rating in a report on Tuesday, January 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,200 ($41.35) price objective on shares of Shell in a research note on Monday, December 16th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 3,325 ($42.96).

Shell Stock Performance

The stock has a fifty day moving average of GBX 2,650.23 and a 200-day moving average of GBX 2,575.11. The company has a market cap of £205.20 billion, a PE ratio of 13.58, a PEG ratio of 2.50 and a beta of 0.51.

Insider Transactions at Shell

In other news, insider Wael Sawan purchased 29,479 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of GBX 2,630 ($33.98) per share, for a total transaction of £775,297.70 ($1,001,806.05). Company insiders own 0.07% of the company’s stock.

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.