Shell (LON:SHEL) Insider Sells £1,010,700 in Stock

Shell plc (LON:SHEL) insider Sinead Gorman sold 30,000 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were sold at an average price of GBX 3,369, for a total value of £1,010,700.

Shell Stock Performance

Shares of Shell stock opened at GBX 3,277.50 on Friday. The business’s fifty day simple moving average is GBX 3,140.93 and its 200 day simple moving average is GBX 3,150.41. The company has a current ratio of 1.43, a quick ratio of 0.86 and a debt-to-equity ratio of 40.42. Shell plc has a 12 month low of GBX 2,553.77 and a 12 month high of GBX 3,758.50. The firm has a market capitalization of £181.31 billion, a P/E ratio of 7.25, a price-to-earnings-growth ratio of 2.50 and a beta of 0.43.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SHEL. Berenberg Bank reissued a “buy” rating and issued a GBX 4,000 price target on shares of Shell in a report on Monday, August 3rd. The Goldman Sachs Group restated a “buy” rating on shares of Shell in a report on Friday, May 8th. BNP Paribas Exane lowered shares of Shell from an “outperform” rating to a “neutral” rating in a research report on Friday, April 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 4,000 target price on shares of Shell in a research note on Monday, July 27th. Finally, HSBC raised shares of Shell from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,775.

About Shell

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.