Shell (LON:SHEL) Hits New 12-Month Low - Should You Sell?

Shell plc (LON:SHEL - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as GBX 2,273 ($29.75) and last traded at GBX 2,314.16 ($30.29), with a volume of 392420469 shares. The stock had previously closed at GBX 2,490.82 ($32.60).

Analyst Ratings Changes

Several brokerages recently issued reports on SHEL. Berenberg Bank reiterated a "buy" rating and issued a GBX 3,250 ($42.54) target price on shares of Shell in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised their price objective on Shell from GBX 3,200 ($41.88) to GBX 3,300 ($43.19) and gave the company an "overweight" rating in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 3,200 ($41.88) target price on shares of Shell in a research note on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of GBX 3,325 ($43.52).

Shell Stock Performance

The company has a fifty day moving average of GBX 2,621.82 and a two-hundred day moving average of GBX 2,576.96. The firm has a market capitalization of £174.04 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 2.50 and a beta of 0.51.

Insiders Place Their Bets

In other Shell news, insider Wael Sawan bought 29,479 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of GBX 2,630 ($34.42) per share, for a total transaction of £775,297.70 ($1,014,787.57). Company insiders own 0.07% of the company's stock.

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.