Shell (LON:SHEL) Shares Up 0.5% - Here's Why

Key Points

• Shell plc shares increased by 0.5% during trading, reaching a last price of GBX 2,692 ($36.22) after a 63% decline in trading volume.
• Analysts maintain a consensus rating of "Moderate Buy" for Shell, with a consensus price target set at GBX 3,158.33.
• The company has a market capitalization of £202.72 billion and operates across multiple segments, including Integrated Gas, Upstream, and Renewables.

Shell plc (LON:SHEL - Get Free Report) shot up 0.5% during trading on Monday . The company traded as high as GBX 2,705 ($36.39) and last traded at GBX 2,692 ($36.22). 3,307,932 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 8,843,965 shares. The stock had previously closed at GBX 2,677.50 ($36.02).

Analyst Ratings Changes

A number of research firms recently commented on SHEL. Citigroup boosted their price target on Shell from GBX 2,450 to GBX 2,650 and gave the stock a "neutral" rating in a report on Friday, August 1st. Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 3,400 price target on shares of Shell in a report on Friday, August 1st. Berenberg Bank reissued a "buy" rating and issued a GBX 3,000 price target on shares of Shell in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. reissued an "overweight" rating on shares of Shell in a report on Friday, August 1st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Shell has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,158.33.

Shell Trading Up 0.5%

The stock has a market capitalization of £202.72 billion, a P/E ratio of 13.41, a P/E/G ratio of 2.50 and a beta of 0.51. The business has a 50-day moving average price of GBX 2,645.13 and a 200 day moving average price of GBX 2,581.46.

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.

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