Insider Buying: Shell (LON:SHEL) Insider Acquires 15,841 Shares of Stock

Shell plc (LON:SHELGet Free Report) insider Sinead Gorman bought 15,841 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were acquired at an average cost of GBX 3,011 per share, for a total transaction of £476,972.51.

Shell Stock Up 1.6%

SHEL stock traded up GBX 49.50 during midday trading on Friday, hitting GBX 3,073.50. The company’s stock had a trading volume of 25,316,457 shares, compared to its average volume of 10,804,789. The firm has a 50-day simple moving average of GBX 2,777.15 and a 200-day simple moving average of GBX 2,747.78. The firm has a market capitalization of £173.85 billion, a P/E ratio of 12.54, a PEG ratio of 2.50 and a beta of 0.51. Shell plc has a 52-week low of GBX 2,269.92 and a 52-week high of GBX 3,078.

Shell News Roundup

Here are the key news stories impacting Shell this week:

Analysts Set New Price Targets

SHEL has been the topic of a number of analyst reports. UBS Group reaffirmed a “neutral” rating and issued a GBX 2,850 price target on shares of Shell in a research report on Friday, January 23rd. JPMorgan Chase & Co. upped their target price on shares of Shell from GBX 3,100 to GBX 3,200 and gave the stock an “overweight” rating in a research note on Friday, December 5th. Royal Bank Of Canada reduced their target price on shares of Shell from GBX 3,600 to GBX 3,200 and set a “sector perform” rating on the stock in a report on Monday, January 26th. Berenberg Bank boosted their price target on shares of Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Jefferies Financial Group increased their price objective on shares of Shell from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a research report on Monday, November 17th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,066.67.

Check Out Our Latest Stock Analysis on Shell

About Shell

(Get Free Report)

Shell is a global group of energy and petrochemical companies. Shell’s strategy is to deliver more value with less emissions as we work to become a net-zero emissions business by 2050.

As we navigate the energy transition through the next decade, we will leverage our global footprint, the trust in our brand, and our innovation and technology capabilities to be the energy company that customers and countries choose to be their partner. We are positioning Shell to become the investment case and partner of choice through the energy transition.

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