Shell (LON:SHEL) Shares Up 1.7% - Time to Buy?

Shell plc (LON:SHEL - Get Free Report)'s stock price was up 1.7% during mid-day trading on Tuesday . The company traded as high as GBX 2,510 ($34.02) and last traded at GBX 2,510 ($34.02). Approximately 5,027,098 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 9,932,763 shares. The stock had previously closed at GBX 2,468.50 ($33.45).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 3,250 ($44.04) price target on shares of Shell in a research note on Wednesday, February 19th.

Shell Stock Performance

The firm has a fifty day simple moving average of GBX 2,462.09 and a 200 day simple moving average of GBX 2,552.78. The company has a market cap of £186.68 billion, a PE ratio of 12.35, a PEG ratio of 2.50 and a beta of 0.51.

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.