Shell (LON:SHEL) Trading Up 1.8% – Here’s Why

Shell plc (LON:SHEL) was up 1.8% during mid-day trading on Thursday . The stock traded as high as GBX 2,601 ($32.61) and last traded at GBX 2,597 ($32.56). Approximately 6,364,963 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 17,311,904 shares. The stock had previously closed at GBX 2,551 ($31.98).

Analysts Set New Price Targets

A number of analysts recently weighed in on SHEL shares. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Shell in a research report on Tuesday, September 24th. Bank of America reiterated a “buy” rating and issued a GBX 3,400 ($42.62) price objective on shares of Shell in a report on Wednesday, September 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 3,400 ($42.62).

Shell Stock Up 0.2 %

The company has a market capitalization of £160.87 billion, a price-to-earnings ratio of 1,210.70, 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 current ratio of 1.41 and a quick ratio of 0.87. The firm’s fifty day moving average price is GBX 2,550.89 and its 200-day moving average price is GBX 2,691.98.

Shell Dividend Announcement

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