Insider Buying: Shell plc (LON:SHEL) Insider Buys 29,479 Shares of Stock

Shell plc (LON:SHEL) insider Wael Sawan bought 29,479 shares of Shell stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average cost of GBX 2,630 ($33.07) per share, for a total transaction of £775,297.70 ($974,971.96).

Shell Stock Performance

Shares of SHEL stock opened at GBX 2,636 ($33.15) on Friday. Shell plc has a one year low of GBX 2,374.50 ($29.86) and a one year high of GBX 2,961 ($37.24). The company’s 50-day moving average is GBX 2,609.59 and its 200 day moving average is GBX 2,588.94. The company has a market capitalization of £198.50 billion, a price-to-earnings ratio of 13.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SHEL shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,200 ($40.24) target price on shares of Shell in a research report on Monday, December 16th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,250 ($40.87) target price on shares of Shell in a research report on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Shell from GBX 3,200 ($40.24) to GBX 3,300 ($41.50) and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 3,325 ($41.81).

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.