Shell (LON:SHEL) Hits New 52-Week Low – Here’s What Happened

Shell plc (LON:SHEL)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 2,273 ($29.30) and last traded at GBX 2,314.16 ($29.83), with a volume of 392420469 shares trading hands. The stock had previously closed at GBX 2,490.82 ($32.11).

Wall Street Analyst Weigh In

Several research analysts have recently commented on SHEL shares. Berenberg Bank reiterated a “buy” rating and set a GBX 3,250 ($41.89) target price on shares of Shell in a research note on Wednesday, February 19th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,200 ($41.25) price target on shares of Shell in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Shell from GBX 3,200 ($41.25) to GBX 3,300 ($42.54) and gave the company an “overweight” rating in a report on Tuesday, January 14th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Shell currently has a consensus rating of “Buy” and a consensus target price of GBX 3,325 ($42.86).

Shell Stock Performance

The stock has a market capitalization of £173.57 billion, a price-to-earnings ratio of 11.49, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The business has a fifty day simple moving average of GBX 2,661.05 and a 200 day simple moving average of GBX 2,588.48.

Insider Activity at Shell

In other Shell news, insider Wael Sawan purchased 29,479 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of GBX 2,630 ($33.90) per share, for a total transaction of £775,297.70 ($999,352.54). 0.07% of the stock is currently owned by corporate 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.