Shell (LON:SHEL) Hits New 1-Year High – Still a Buy?

Shell plc (LON:SHEL) reached a new 52-week high during mid-day trading 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 trading hands. The stock had previously closed at GBX 2,929.

Analyst Ratings Changes

Several research firms have commented on SHEL. 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. Citigroup upped their target price on Shell from GBX 2,650 to GBX 2,700 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Berenberg Bank upped their price objective on shares of Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a report on Monday, November 3rd. UBS Group reissued a “neutral” rating and set a GBX 2,850 price objective on shares of Shell in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada lowered their price objective on shares of 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. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Shell presently has an average rating of “Moderate Buy” and an average target price of GBX 3,066.67.

Shell Stock Performance

The company has a market capitalization of £165.36 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. 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.

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.