Shell (LON:SHEL) Sets New 52-Week High – Here’s What Happened

Shell plc (LON:SHEL) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 2,991.50 and last traded at GBX 2,971.50, with a volume of 17252752 shares. The stock had previously closed at GBX 2,965.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Royal Bank Of Canada dropped their price target 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. Berenberg Bank lifted their price objective on shares of Shell from GBX 3,000 to GBX 3,250 and gave the company a “buy” rating in a research note on Monday, November 3rd. Jefferies Financial Group boosted their target price 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. Citigroup increased their target price on shares of Shell from GBX 2,650 to GBX 2,700 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 2,850 price target on shares of Shell in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,066.67.

Shell Stock Performance

The business has a fifty day moving average of GBX 2,762.84 and a 200-day moving average of GBX 2,743.98. The company has a market capitalization of £169.56 billion, a P/E ratio of 12.24, 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.