Shell (LON:SHEL) Reaches New 52-Week High – Should You Buy?

Shares of Shell plc (LON:SHELGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as GBX 3,415 and last traded at GBX 3,412.93, with a volume of 241504359 shares traded. The stock had previously closed at GBX 3,367.50.

Shell News Roundup

Here are the key news stories impacting Shell this week:

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SHEL. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,850 target price on shares of Shell in a research report on Friday, January 23rd. JPMorgan Chase & Co. boosted their price target 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. Finally, Royal Bank Of Canada reduced their price objective on shares of Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating for the company in a research note on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Shell has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,066.67.

View Our Latest Stock Analysis on Shell

Shell Stock Down 0.7%

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 firm has a fifty day simple moving average of GBX 2,906.96 and a 200-day simple moving average of GBX 2,798.39. The firm has a market cap of £194.23 billion, a price-to-earnings ratio of 11.49, a P/E/G ratio of 2.50 and a beta of 0.51.

Insider Activity

In related news, insider Wael Sawan bought 23,980 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was bought at an average price of GBX 3,011 per share, for a total transaction of £722,037.80. Also, insider Sinead Gorman bought 15,841 shares of Shell stock in a transaction that occurred on Thursday, February 26th. The shares were bought at an average cost of GBX 3,011 per share, with a total value of £476,972.51. 0.04% of the stock is owned by corporate insiders.

About Shell

(Get Free Report)

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.

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