Shell (LON:SHEL) Hits New 12-Month High – Still a Buy?

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

Analyst Ratings Changes

A number of equities analysts have issued reports on SHEL shares. Citigroup lifted their price target on Shell from GBX 2,650 to GBX 2,700 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Berenberg Bank raised 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. JPMorgan Chase & Co. lifted their target price on Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research report on Friday, December 5th. Royal Bank Of Canada decreased their price target on Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating for the company in a report on Monday, January 26th. Finally, UBS Group restated a “neutral” rating and set a GBX 2,850 price objective on shares of Shell in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Shell has a consensus rating of “Moderate Buy” and an average price target of GBX 3,066.67.

Shell Trading Up 0.9%

The company’s 50-day simple moving average is GBX 2,762.84 and its 200 day simple moving average is GBX 2,743.98. The stock has a market cap 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.