Shell (LON:SHEL) Hits New 52-Week High - Here's Why

Key Points

• Shares hit a new 52-week high — Shell traded as high as GBX 3,518 (last at GBX 3,517) on heavy volume of 308,641,438 shares.
• Analysts hold a consensus Moderate Buy with a price target of GBX 3,066.67 (below the current price); broker views are mixed—RBC cut its target, UBS stayed neutral, and JPMorgan raised its target to GBX 3,200 with an overweight rating.
• Insider buying occurred on Feb 26, when Sinead Gorman and Wael Sawan purchased shares at GBX 3,011 for a combined ~£1.2 million, although insiders own just 0.04% of the stock.

Shares of Shell plc (LON:SHEL - Get Free Report) hit a new 52-week high 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.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SHEL. Royal Bank Of Canada dropped their price target on Shell from GBX 3,600 to GBX 3,200 and set a "sector perform" rating on the stock in a research note on Monday, January 26th. UBS Group reaffirmed a "neutral" rating and set a GBX 2,850 price objective on shares of Shell in a research report on Friday, January 23rd. Finally, 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 report on Friday, December 5th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,066.67.

Shell Stock Performance

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 company has a 50 day moving average price of GBX 3,028.17 and a 200 day moving average price of GBX 2,841.02. The company has a market capitalization of £198.34 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 2.50 and a beta of 0.51.

Insider Activity at Shell

In other news, insider Sinead Gorman purchased 15,841 shares of the business's stock in a transaction on 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. Also, insider Wael Sawan acquired 23,980 shares of Shell stock in a transaction on Thursday, February 26th. The stock was purchased at an average cost of GBX 3,011 per share, with a total value of £722,037.80. 0.04% of the stock is currently owned by corporate insiders.

Shell Company Profile

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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