Shell (LON:SHEL) Trading 1.7% Higher – Should You Buy?

Shell plc (LON:SHEL) shares traded up 1.7% during trading on Tuesday . The company traded as high as GBX 2,510 ($33.93) and last traded at GBX 2,510 ($33.93). 5,027,098 shares were traded during mid-day trading, a decline of 49% from the average session volume of 9,932,763 shares. The stock had previously closed at GBX 2,468.50 ($33.37).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,250 ($43.94) price objective on shares of Shell in a research report on Wednesday, February 19th.

Shell Stock Performance

The firm has a market capitalization of £189.01 billion, a P/E ratio of 12.51, a PEG ratio of 2.50 and a beta of 0.51. The firm has a 50-day moving average of GBX 2,468.37 and a 200-day moving average of GBX 2,553.29.

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.