Shell (LON:SHEL) Stock Price Down 0.4%

Shell plc (LON:SHEL - Get Free Report)'s stock price fell 0.4% on Thursday . The company traded as low as GBX 2,688.50 ($34.93) and last traded at GBX 2,708 ($35.19). 5,905,317 shares traded hands during trading, a decline of 46% from the average session volume of 11,016,224 shares. The stock had previously closed at GBX 2,718.50 ($35.32).

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a GBX 3,000 ($38.98) target price on shares of Shell in a report on Friday, May 3rd. Barclays reiterated an "overweight" rating and set a GBX 3,800 ($49.38) target price on shares of Shell in a report on Friday, May 3rd. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 3,500 ($45.48) target price on shares of Shell in a report on Friday, July 12th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 3,400 ($44.18) target price on shares of Shell in a report on Tuesday, July 9th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 3,400 ($44.18).

Shell Price Performance

The company has a debt-to-equity ratio of 40.32, a quick ratio of 0.87 and a current ratio of 1.41. The company has a market capitalization of £169.46 billion, a PE ratio of 1,265.12, a P/E/G ratio of 2.49 and a beta of 0.55. The company's 50-day simple moving average is GBX 2,790.24 and its 200-day simple moving average is GBX 2,726.86.

Shell Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Thursday, August 15th will be given a dividend of $0.34 per share. This represents a yield of 0.94%. The ex-dividend date of this dividend is Thursday, August 15th. Shell's payout ratio is currently 4,976.74%.

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.