Wael Sawan Purchases 23,980 Shares of Shell (LON:SHEL) Stock

Shell plc (LON:SHELGet Free Report) insider Wael Sawan purchased 23,980 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was acquired at an average price of GBX 3,011 per share, for a total transaction of £722,037.80.

Shell Stock Performance

SHEL traded up GBX 49.50 during trading on Friday, reaching 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 12-month low of GBX 2,269.92 and a 12-month high of GBX 3,078. The company has a market cap of £173.85 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 2.50 and a beta of 0.51. The firm’s 50-day simple moving average is GBX 2,777.15 and its 200 day simple moving average is GBX 2,747.78.

Wall Street Analysts Forecast Growth

SHEL has been the subject of several recent analyst reports. Citigroup raised their target price on Shell from GBX 2,650 to GBX 2,700 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. lifted their target price 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. UBS Group reissued a “neutral” rating and issued a GBX 2,850 price target on shares of Shell in a research report on Friday, January 23rd. Berenberg Bank upped their target price on Shell from GBX 3,000 to GBX 3,250 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Jefferies Financial Group increased their target price on shares of Shell from GBX 3,000 to GBX 3,200 and gave the stock 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 3,066.67.

Read Our Latest Stock Analysis on SHEL

Key Headlines Impacting Shell

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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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