Shell (LON:SHEL) Sets New 12-Month High – What’s Next?

Shell plc (LON:SHEL)’s share price reached a new 52-week high during trading on Tuesday. The stock traded as high as GBX 3,980 and last traded at GBX 3,932, with a volume of 9,378,897 shares changing hands. The stock had previously closed at GBX 3,938.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SHEL shares. UBS Group reissued a “neutral” rating on shares of Shell in a report on Friday, September 25th. Jefferies Financial Group restated a “buy” rating and issued a GBX 4,500 target price on shares of Shell in a research note on Thursday, October 8th. Royal Bank Of Canada restated a “neutral” rating on shares of Shell in a research note on Thursday, September 24th. JPMorgan Chase & Co. cut their price target on Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating for the company in a research note on Friday, July 3rd. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 4,000 price objective on shares of Shell in a report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,775.

Shell Trading Up 0.1%

The firm has a 50 day simple moving average of GBX 3,548.86 and a 200 day simple moving average of GBX 3,328.91. The company has a debt-to-equity ratio of 40.42, a quick ratio of 0.86 and a current ratio of 1.43. The firm has a market cap of £224.21 billion, a P/E ratio of 8.71, a P/E/G ratio of 2.50 and a beta of 0.43.

Insider Buying and Selling at Shell

In other news, insider Sinead Gorman sold 30,000 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of GBX 3,369, for a total transaction of £1,010,700. 0.05% of the stock is currently owned by corporate insiders.

About Shell

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.