Shares of Shell plc (LON:SHEL – Get Free Report) were down 0.4% during mid-day trading on Thursday . The company traded as low as GBX 2,688.50 ($34.93) and last traded at GBX 2,708 ($35.19). Approximately 5,905,317 shares were traded during trading, a decline of 46% from the average daily volume of 11,016,224 shares. The stock had previously closed at GBX 2,718.50 ($35.32).
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the company. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 3,500 ($45.48) price target on shares of Shell in a research note on Friday, July 12th. Berenberg Bank reiterated a “buy” rating and issued a GBX 3,400 ($44.18) price target on shares of Shell in a report on Tuesday, July 9th. Royal Bank of Canada restated an “outperform” rating and set a GBX 3,000 ($38.98) target price on shares of Shell in a research report on Friday, May 3rd. Finally, Barclays reiterated an “overweight” rating and set a GBX 3,800 ($49.38) price target on shares of Shell in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 3,400 ($44.18).
Check Out Our Latest Research Report on Shell
Shell Trading Up 0.4 %
Shell Dividend Announcement
The business also recently announced a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.34 per share. This represents a yield of 0.94%. The ex-dividend date is Thursday, August 15th. Shell’s dividend payout ratio (DPR) is presently 4,976.74%.
About Shell
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.
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