Shell plc (LON:SHEL) Insider Wael Sawan Purchases 29,479 Shares

Shell plc (LON:SHEL) insider Wael Sawan bought 29,479 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of GBX 2,630 ($33.35) per share, for a total transaction of £775,297.70 ($983,256.44).

Shell Stock Up 0.7 %

Shares of LON:SHEL opened at GBX 2,647 ($33.57) on Thursday. Shell plc has a 52-week low of GBX 2,374.50 ($30.11) and a 52-week high of GBX 2,961 ($37.55). The company has a market capitalization of £199.33 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The company has a 50 day moving average of GBX 2,600.19 and a two-hundred day moving average of GBX 2,590.59.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SHEL. Berenberg Bank restated a “buy” rating and issued a GBX 3,250 ($41.22) price objective on shares of Shell in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised their target price on shares of Shell from GBX 3,200 ($40.58) to GBX 3,300 ($41.85) and gave the stock an “overweight” rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 3,200 ($40.58) price objective on shares of Shell in a report on Monday, December 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Shell currently has a consensus rating of “Buy” and a consensus price target of GBX 3,325 ($42.17).

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.