Shell (LON:SHEL) Shares Up 0.4% – Still a Buy?

Shell plc (LON:SHEL)’s share price shot up 0.4% during trading on Tuesday . The stock traded as high as GBX 2,640 ($36.04) and last traded at GBX 2,637 ($36.00). 5,919,801 shares traded hands during trading, a decline of 31% from the average session volume of 8,630,407 shares. The stock had previously closed at GBX 2,626.50 ($35.85).

Analyst Ratings Changes

Several research firms recently commented on SHEL. Citigroup increased their price objective on Shell from GBX 2,450 to GBX 2,650 and gave the company a “neutral” rating in a research report on Friday, August 1st. Royal Bank Of Canada reissued an “outperform” rating and set a GBX 3,400 price target on shares of Shell in a report on Friday, August 1st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Shell in a report on Friday, August 1st. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 3,000 price target on shares of Shell in a report on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,110.

Shell Stock Performance

The stock has a fifty day moving average of GBX 2,667.53 and a 200 day moving average of GBX 2,584.27. The company has a market capitalization of £153.24 billion, a P/E ratio of 1,177.23, 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.