Shell (LON:SHEL) Hits New 12-Month High – Here’s What Happened

Shell plc (LON:SHEL) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 2,844.50 ($38.00) and last traded at GBX 2,842 ($37.97), with a volume of 132884422 shares. The stock had previously closed at GBX 2,761 ($36.89).

Wall Street Analyst Weigh In

Several brokerages have commented on SHEL. Royal Bank Of Canada restated an “outperform” rating and issued a GBX 3,400 target price on shares of Shell in a research note on Friday, August 1st. Berenberg Bank restated a “buy” rating and issued a GBX 3,000 target price on shares of Shell in a research note on Friday, August 1st. Citigroup raised their target price on Shell from GBX 2,450 to GBX 2,650 and gave the stock a “neutral” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. restated an “overweight” rating on shares of Shell in a research note on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Shell has an average rating of “Moderate Buy” and a consensus target price of GBX 3,110.

Shell Stock Performance

The stock has a market cap of £164.53 billion, a P/E ratio of 12.71, a P/E/G ratio of 2.50 and a beta of 0.51. The stock has a 50-day moving average price of GBX 2,682.57 and a 200-day moving average price of GBX 2,587.83.

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.