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

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

Analyst Upgrades and Downgrades

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

Shell Price Performance

The stock has a market cap of £154.24 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The business has a fifty day moving average of GBX 2,781.68 and a 200-day moving average of 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.