Shell (LON:SHEL) Reaches New 1-Year High - Here's Why

Key Points

• Shell shares reached a new 52-week high, trading as high as GBX 3,980 before closing near GBX 3,932, with nearly 9.4 million shares changing hands.
• Analyst sentiment remains positive overall, with six Buy and six Hold ratings producing a “Moderate Buy” consensus; the average price target is GBX 3,775, though targets range from GBX 3,600 to GBX 4,500.
• Shell has a market capitalization of approximately £224.2 billion and trades at a P/E ratio of 8.71. Insider Sinead Gorman recently sold 30,000 shares, while insiders collectively own 0.05% of the company.

Shares of Shell plc (LON:SHEL - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 3,980 and last traded at GBX 3,932, with a volume of 9,378,897 shares traded. The stock had previously closed at GBX 3,938.

Analysts Set New Price Targets

Several equities research analysts have commented on SHEL shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 4,000 price objective on shares of Shell in a research note on Monday, August 3rd. Jefferies Financial Group restated a "buy" rating and issued a GBX 4,500 target price on shares of Shell in a research note on Thursday, October 8th. Royal Bank Of Canada restated a "neutral" rating on shares of Shell in a research note on Thursday, September 24th. JPMorgan Chase & Co. reduced their target price on Shell from GBX 3,900 to GBX 3,600 and set an "overweight" rating for the company in a report on Friday, July 3rd. Finally, UBS Group reaffirmed a "neutral" rating on shares of Shell in a report on Friday, September 25th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 3,775.

Shell Stock Performance

The company has a market cap of £224.21 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43. The company's 50-day moving average is GBX 3,548.86 and its two-hundred day moving average is GBX 3,328.91. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 40.42.

Insider Buying and Selling

In other Shell news, insider Sinead Gorman sold 30,000 shares of Shell stock in a transaction dated Friday, July 31st. The shares were sold at an average price of GBX 3,369, for a total value of £1,010,700. Corporate insiders own 0.05% 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.

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