Shell (LON:SHEL) Trading Up 0.1% – Should You Buy?

Shell plc (LON:SHEL) traded up 0.1% during trading on Thursday . The company traded as high as GBX 2,622.50 ($35.22) and last traded at GBX 2,611.35 ($35.07). 3,946,400 shares were traded during trading, a decline of 58% from the average session volume of 9,297,657 shares. The stock had previously closed at GBX 2,608 ($35.02).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,000 ($40.28) price objective on shares of Shell in a report on Monday, July 7th.

Shell Trading Up 0.1%

The company has a fifty day simple moving average of GBX 2,553.65 and a 200-day simple moving average of GBX 2,574.93. The company has a market capitalization of £196.64 billion, a PE ratio of 13.01, 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.