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

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

Shell Stock Performance

Shell stock opened at GBX 2,647 ($33.57) on Thursday. The firm has a market cap 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. Shell plc has a 1 year low of GBX 2,374.50 ($30.11) and a 1 year high of GBX 2,961 ($37.55). The firm’s 50 day moving average price is GBX 2,600.19 and its two-hundred day moving average price is GBX 2,590.59.

Analysts Set New Price Targets

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

Shell Company Profile

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.