Shell (LON:SHEL) Hits New 12-Month High – Here’s Why

Shell plc (LON:SHEL)’s stock price reached a new 52-week high on Thursday . The company traded as high as GBX 2,945 and last traded at GBX 2,934.50, with a volume of 183901453 shares traded. The stock had previously closed at GBX 2,929.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SHEL. Berenberg Bank lifted their target price on Shell from GBX 3,000 to GBX 3,250 and gave the company a “buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada reduced their price objective on Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a research note on Monday, January 26th. JPMorgan Chase & Co. increased their target price on shares of Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a research report on Friday, December 5th. Jefferies Financial Group lifted their price target on shares of Shell from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Monday, November 17th. Finally, UBS Group restated a “neutral” rating and set a GBX 2,850 target price on shares of Shell in a report on Friday, January 23rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,066.67.

Shell Stock Down 0.2%

The company has a 50 day moving average price of GBX 2,741.06 and a 200-day moving average price of GBX 2,736.10. The company has a market cap of £165.36 billion, a P/E ratio of 11.93, a PEG ratio of 2.50 and a beta of 0.51.

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.