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

Shell plc (LON:SHEL)’s share price hit a new 52-week high during mid-day 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 trading hands. The stock had previously closed at GBX 2,761 ($36.89).

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SHEL shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,000 target price on shares of Shell in a research report on Friday, August 1st. Citigroup raised their target price on Shell from GBX 2,450 to GBX 2,650 and gave the company a “neutral” rating in a research report on Friday, August 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 3,400 target price on shares of Shell in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Shell in a research report on Friday, August 1st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,110.

Shell Stock Performance

The company 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 firm has a 50 day moving average price of GBX 2,682.57 and a two-hundred day moving average price of GBX 2,587.83.

About Shell

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.