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

Shell plc (LON:SHEL) crossed below its 50 day moving average during trading on Monday. The stock has a 50 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 trading hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SHEL shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,000 price objective on shares of Shell in a report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and issued a GBX 4,500 target price on shares of Shell in a report on Friday, October 30th. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of Shell in a research note on Thursday, September 24th. Finally, UBS Group reiterated a “neutral” rating on shares of Shell in a research report on Friday, September 25th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,990.

Shell Stock Down 2.4%

The firm’s fifty day simple moving average is GBX 3,706.92 and its 200-day simple moving average is GBX 3,312.67. The company has a market cap of £204.82 billion, a PE ratio of 6.27, a P/E/G ratio of 2.50 and a beta of 0.43. The company has a quick ratio of 0.86, a current ratio of 1.38 and a debt-to-equity ratio of 38.34.

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.