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The latest announcement is out from Shell (UK) ( (GB:SHEL) ).
Shell plc has announced a share buy-back program, purchasing a significant number of shares for cancellation as part of its strategy to return value to shareholders. This move is in line with the company’s existing buy-back program and is executed under the guidance of HSBC Bank plc, following regulatory frameworks in the UK and EU. The buy-back is expected to impact the company’s market positioning by potentially increasing the value of remaining shares, thus benefiting stakeholders.
The most recent analyst rating on (GB:SHEL) stock is a Buy with a £2930.00 price target. To see the full list of analyst forecasts on Shell (UK) stock, see the GB:SHEL Stock Forecast page.
Spark’s Take on GB:SHEL Stock
According to Spark, TipRanks’ AI Analyst, GB:SHEL is a Outperform.
Shell’s overall stock score is driven by its strong financial performance and positive earnings call, highlighting effective cost management and strategic achievements. The technical analysis suggests a neutral trend, while the valuation is fair with an attractive dividend yield.
To see Spark’s full report on GB:SHEL stock, click here.
More about Shell (UK)
Shell plc is a global energy company operating in the oil and gas industry. It is involved in the exploration, production, refining, and marketing of oil and natural gas, as well as the production and sale of chemicals. The company is focused on transitioning to renewable energy sources and reducing its carbon footprint.
Average Trading Volume: 8,382,871
Technical Sentiment Signal: Strong Buy
Current Market Cap: £153.7B
Learn more about SHEL stock on TipRanks’ Stock Analysis page.