Shell (LON:SHEL) Shares Up 1.4% - Here's What Happened

Shell plc (LON:SHEL - Get Free Report)'s share price traded up 1.4% on Monday . The stock traded as high as GBX 2,526.50 ($33.62) and last traded at GBX 2,492 ($33.16). 8,540,652 shares were traded during mid-day trading, a decline of 18% from the average session volume of 10,374,661 shares. The stock had previously closed at GBX 2,457.30 ($32.70).

Wall Street Analyst Weigh In

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 3,250 ($43.25) target price on shares of Shell in a research report on Wednesday, February 19th.

Shell Stock Performance

The company has a market capitalization of £186.22 billion, a P/E ratio of 12.32, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The firm's fifty day moving average is GBX 2,530.96 and its 200-day moving average is GBX 2,561.67.

Insiders Place Their Bets

In other Shell news, insider Wael Sawan bought 29,479 shares of Shell stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of GBX 2,630 ($35.00) per share, with a total value of £775,297.70 ($1,031,804.23). Insiders own 0.07% of the company's stock.

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.