Wael Sawan Buys 29,479 Shares of Shell plc (LON:SHEL) Stock

Shell plc (LON:SHEL) insider Wael Sawan bought 29,479 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of GBX 2,630 ($33.15) per share, for a total transaction of £775,297.70 ($977,183.89).

Shell Trading Up 0.5 %

Shell stock opened at GBX 2,660.25 ($33.53) on Friday. The company has a market cap of £200.33 billion, a PE ratio of 13.26, a PEG ratio of 2.50 and a beta of 0.51. Shell plc has a 1 year low of GBX 2,374.50 ($29.93) and a 1 year high of GBX 2,961 ($37.32). The company’s 50-day moving average is GBX 2,604.86 and its two-hundred day moving average is GBX 2,589.73.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SHEL shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,200 ($40.33) price target on shares of Shell in a research report on Monday, December 16th. Berenberg Bank reiterated a “buy” rating and set a GBX 3,250 ($40.96) target price on shares of Shell in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of Shell from GBX 3,200 ($40.33) to GBX 3,300 ($41.59) and gave the company an “overweight” rating in a report on Tuesday, January 14th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Shell presently has an average rating of “Buy” and an average target price of GBX 3,325 ($41.91).

Shell Company Profile

Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. It explores for and extracts crude oil, natural gas, and natural gas liquids; markets and transports oil and gas; produces gas-to-liquids fuels and other products; and operates upstream and midstream infrastructure to deliver gas to market.