Shell (LON:SHEL) Insider Purchases 15,841 Shares

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

Shell Trading Up 1.6%

LON:SHEL traded up GBX 49.50 during trading hours on Friday, hitting GBX 3,073.50. The company had a trading volume of 25,316,457 shares, compared to its average volume of 10,804,789. Shell plc has a 1 year low of GBX 2,269.92 and a 1 year high of GBX 3,078. The company has a market cap of £173.85 billion, a P/E ratio of 12.54, a P/E/G ratio of 2.50 and a beta of 0.51. The company has a 50-day moving average of GBX 2,777.15 and a 200 day moving average of GBX 2,747.78.

Analyst Upgrades and Downgrades

SHEL has been the topic of several recent analyst reports. Royal Bank Of Canada decreased 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. Jefferies Financial Group upped their price objective on Shell from GBX 3,000 to GBX 3,200 and gave the company a “buy” rating in a report on Monday, November 17th. Berenberg Bank raised their target price on Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their price target on Shell from GBX 3,100 to GBX 3,200 and gave the company an “overweight” rating in a research note on Friday, December 5th. Finally, UBS Group restated a “neutral” rating and issued a GBX 2,850 price objective on shares of Shell in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,066.67.

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About Shell

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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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