Total: UBS a buyer ahead of investor day.
(CercleFinance.com) - UBS maintains its buy rating on the Total stock this morning before the French oil major organises its annual investor day in London on 25 September.
The broker is also maintaining its 12-month target price of 49 euros.
After a presentation of its strategic outlook, on 25 September, Total will organise a two-day trip to Russia for analysts, which will detail the group's strategy in this country, coupled with a visit to the Yamal LNG site.
The weak oil price, shale hydrocarbons, energy transition and climatic change: there is no shortage of challenges in the oil and gas sector. However, with the recovery in oil prices up until August and September, and since the “majors” have proved that they have stuck to their cost budgets in Q1 and Q2, we think that it is interesting to consider the investment case, the broker's report says.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker is also maintaining its 12-month target price of 49 euros.
After a presentation of its strategic outlook, on 25 September, Total will organise a two-day trip to Russia for analysts, which will detail the group's strategy in this country, coupled with a visit to the Yamal LNG site.
The weak oil price, shale hydrocarbons, energy transition and climatic change: there is no shortage of challenges in the oil and gas sector. However, with the recovery in oil prices up until August and September, and since the “majors” have proved that they have stuck to their cost budgets in Q1 and Q2, we think that it is interesting to consider the investment case, the broker's report says.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.