Sinead Gorman Sells 30,000 Shares of Shell (LON:SHEL) Stock

Shell plc (LON:SHEL) insider Sinead Gorman sold 30,000 shares of the business’s stock in a transaction 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 Price Performance

SHEL traded up GBX 12.50 during trading on Wednesday, reaching GBX 3,334. 86,004,070 shares of the company were exchanged, compared to its average volume of 11,174,663. Shell plc has a 12-month low of GBX 2,553.77 and a 12-month high of GBX 3,758.50. The company’s 50-day moving average is GBX 3,131.38 and its two-hundred day moving average is GBX 3,141.87. The company has a quick ratio of 0.86, a current ratio of 1.43 and a debt-to-equity ratio of 40.42. The company has a market cap of £184.78 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 2.50 and a beta of 0.43.

Analysts Set New Price Targets

SHEL has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 4,000 price target on shares of Shell in a report on Monday. Rothschild & Co Redburn cut shares of Shell to a “neutral” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. decreased their target price on shares of Shell from GBX 3,900 to GBX 3,600 and set an “overweight” rating on the stock in a report on Friday, July 3rd. BNP Paribas Exane cut shares of Shell from an “outperform” rating to a “neutral” rating in a research note on Friday, April 17th. Finally, Barclays reissued a “buy” rating on shares of Shell in a report on Thursday, May 7th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.