Shell (LON:SHEL) Shares Down 0.1% – Should You Sell?

Shell plc (LON:SHEL) shares fell 0.1% during trading on Monday . The stock traded as low as GBX 2,715.50 ($35.09) and last traded at GBX 2,725 ($35.21). 5,366,628 shares traded hands during 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).

Wall Street Analysts Forecast Growth

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

Shell Stock Performance

The company has a 50 day simple moving average of GBX 2,650.23 and a two-hundred day simple moving average of GBX 2,575.11. The firm has a market cap of £205.20 billion, a PE ratio of 13.58, a P/E/G ratio of 2.50 and a beta of 0.51.

Insider Activity at Shell

In related news, insider Wael Sawan acquired 29,479 shares of Shell stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of GBX 2,630 ($33.98) per share, for a total transaction of £775,297.70 ($1,001,806.05). 0.07% of the stock is owned by insiders.

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.