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

Shell plc (LON:SHEL) shares were down 0.1% during mid-day trading on Monday . The company traded as low as GBX 2,715.50 ($34.96) and last traded at GBX 2,725 ($35.08). Approximately 5,366,628 shares traded hands during trading, a decline of 46% from the average daily volume of 9,986,133 shares. The stock had previously closed at GBX 2,727 ($35.11).

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SHEL shares. JPMorgan Chase & Co. raised their price objective on shares of Shell from GBX 3,200 ($41.20) to GBX 3,300 ($42.49) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,200 ($41.20) target price on shares of Shell in a research note on Monday, December 16th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,250 ($41.84) price objective on shares of Shell in a research note on Wednesday, February 19th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Shell currently has an average rating of “Buy” and an average price target of GBX 3,325 ($42.81).

Shell Price Performance

The company has a market capitalization of £213.26 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 2.50 and a beta of 0.51. The stock’s fifty day simple moving average is GBX 2,652.20 and its two-hundred day simple moving average is GBX 2,576.50.

Insider Buying and Selling at Shell

In related news, insider Wael Sawan acquired 29,479 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of GBX 2,630 ($33.86) per share, for a total transaction of £775,297.70 ($998,194.54). 0.07% of the stock is currently owned by company insiders.

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.