Shell (LON:SHEL) Stock Price Up 1.8% – Should You Buy?

Shares of Shell plc (LON:SHEL) traded up 1.8% during trading on Thursday . The company traded as high as GBX 2,601 ($32.75) and last traded at GBX 2,597 ($32.70). 6,364,963 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 17,311,904 shares. The stock had previously closed at GBX 2,551 ($32.12).

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Shell in a research note on Tuesday, September 24th. Bank of America reaffirmed a “buy” rating and issued a GBX 3,400 ($42.80) price target on shares of Shell in a research note on Wednesday, September 4th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Shell presently has a consensus rating of “Buy” and an average price target of GBX 3,400 ($42.80).

Shell Stock Performance

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 stock has a 50-day simple moving average of GBX 2,548.72 and a 200-day simple moving average of GBX 2,694.41. The stock has a market cap of £160.49 billion, a P/E ratio of 1,207.91, a PEG ratio of 2.50 and a beta of 0.51.

Shell Announces Dividend

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