Wolfe Research slashes price target on Shell Plc ADR [SHEL] – find out why.

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Shell Plc ADR [NYSE: SHEL] closed the trading session at $69.38.

The stocks have a year to date performance of 5.44 percent and weekly performance of -5.05 percent. The stock has been moved at 10.39 percent over the last six months. The stock has performed -3.21 percent around the most recent 30 days and changed -2.02 percent over the most recent 3-months.

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If compared to the average trading volume of 3.35M shares, SHEL reached to a volume of 4134839 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Shell Plc ADR [SHEL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SHEL shares is $84.48 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SHEL stock is a recommendation set at 1.59. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wolfe Research have made an estimate for Shell Plc ADR shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on July 18, 2024. The new note on the price target was released on December 13, 2023, representing the official price target for Shell Plc ADR stock. On February 27, 2023, analysts increased their price target for SHEL shares from 74 to 85.

The Average True Range (ATR) for Shell Plc ADR is set at 1.16, with the Price to Sales ratio for SHEL stock in the period of the last 12 months amounting to 0.74. The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 12.24. Price to Free Cash Flow for SHEL in the course of the last twelve months was 7.49 with Quick ratio for the last quarter at 1.12.

SHEL stock trade performance evaluation

Shell Plc ADR [SHEL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.05. With this latest performance, SHEL shares dropped by -3.21% in over the last four-week period, additionally plugging by 10.39% over the last 6 months – not to mention a rise of 11.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SHEL stock in for the last two-week period is set at 36.16, with the RSI for the last a single of trading hit 30.53, and the three-weeks RSI is set at 39.83 for Shell Plc ADR [SHEL]. The present Moving Average for the last 50 days of trading for this stock 72.13, while it was recorded at 71.63 for the last single week of trading, and 68.41 for the last 200 days.

Shell Plc ADR [SHEL]: An insightful look at the core fundamentals

Shell Plc ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.12 and a Current Ratio set at 1.41.

Earnings per share (EPS) analysis for Shell Plc ADR [SHEL] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SHEL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Shell Plc ADR go to 4.00%.

Shell Plc ADR [SHEL]: Institutional Ownership

There are presently around $11.68%, or 11.68%% of SHEL stock, in the hands of institutional investors. The top three institutional holders of SHEL stocks are: FMR LLC with ownership of 62.04 million shares, which is approximately 1.9268%. FISHER ASSET MANAGEMENT, LLC, holding 24.02 million shares of the stock with an approximate value of $$1.73 billion in SHEL stocks shares; and FISHER ASSET MANAGEMENT, LLC, currently with $$1.64 billion in SHEL stock with ownership which is approximately 0.7057%.

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