Shell (LON:SHEL) Reaches New 1-Year High – Here’s What Happened

Shares of Shell plc (LON:SHEL) hit a new 52-week high during trading on Monday . The company traded as high as GBX 3,518 and last traded at GBX 3,517, with a volume of 308641438 shares. The stock had previously closed at GBX 3,482.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SHEL shares. UBS Group reissued a “neutral” rating and set a GBX 2,850 price objective on shares of Shell in a report on Friday, January 23rd. Barclays reaffirmed a “buy” rating on shares of Shell in a research report on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research note on Friday, December 5th. Royal Bank Of Canada lowered their price target on Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a report on Monday, January 26th. Finally, Morgan Stanley downgraded Shell to an “equal weight” rating in a research note on Wednesday, March 25th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Shell has a consensus rating of “Moderate Buy” and an average price target of GBX 3,066.67.

Shell Stock Down 1.5%

The company’s 50-day moving average price is GBX 3,061.83 and its 200 day moving average price is GBX 2,853.96. The company has a debt-to-equity ratio of 59.97, a quick ratio of 0.87 and a current ratio of 1.30. The stock has a market cap of £198.73 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51.

Insider Activity at Shell

In other Shell news, insider Wael Sawan purchased 23,980 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were acquired at an average cost of GBX 3,011 per share, for a total transaction of £722,037.80. Also, insider Sinead Gorman purchased 15,841 shares of the company’s stock in a transaction dated Thursday, February 26th. The shares were acquired at an average price of GBX 3,011 per share, for a total transaction of £476,972.51. Insiders own 0.04% of the company’s stock.

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.