Shell (LON:SHEL) Reaches New 1-Year High – Time to Buy?

Shell plc (LON:SHEL)’s stock price reached a new 52-week high 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.

Wall Street Analyst Weigh In

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

Shell Stock Up 0.8%

The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 40.42. The firm has a market capitalization of £224.44 billion, a price-to-earnings ratio of 8.71, a PEG ratio of 2.50 and a beta of 0.43. The stock has a fifty day moving average of GBX 3,571.47 and a 200-day moving average of GBX 3,334.38.

Insider Activity at Shell

In other news, insider Sinead Gorman sold 30,000 shares of the company’s stock in a transaction on 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.