Shell (LON:SHEL) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shell plc (LON:SHEL) shares passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 3,706.92 and traded as low as GBX 3,649.50. Shell shares last traded at GBX 3,701, with a volume of 5,199,986 shares changing hands.

Wall Street Analyst Weigh In

SHEL has been the subject of a number of analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 4,000 target price on shares of Shell in a research note on Monday, August 3rd. UBS Group reissued a “neutral” rating on shares of Shell in a report on Friday, September 25th. Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a research note on Thursday, September 24th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 4,500 price objective on shares of Shell in a report on Friday, October 30th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,990.

Shell Price Performance

The company has a debt-to-equity ratio of 38.34, a current ratio of 1.38 and a quick ratio of 0.86. The company’s 50 day moving average is GBX 3,706.92 and its 200 day moving average is GBX 3,312.67. The stock has a market cap of £204.82 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 2.50 and a beta of 0.43.

Shell Company Profile

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.