Total: Oddo BHF optimistic ahead of investor day
(CercleFinance.com) - Broker Oddo BHF has confirmed its buy rating on the share of French oil giant Total, ahead of its investor day which will be held in New York on 25 September.
It is sticking to its target price of 59 euros.
At this event, analysts speculate that Total will maintain most of its production targets, which is the best in the sector, with the group even increasing its target growth in 2019 (from 5% to 7%).
In addition, thanks to the upbeat trend in the Brent price and improved profitability of liquefied natural gas, the group should raise its guidance for operational cash flow from +7.3 billion to +9 billion dollars over 2017/2022, i.e. +35% to +40%, which is also the fastest growth in the sector, 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.
It is sticking to its target price of 59 euros.
At this event, analysts speculate that Total will maintain most of its production targets, which is the best in the sector, with the group even increasing its target growth in 2019 (from 5% to 7%).
In addition, thanks to the upbeat trend in the Brent price and improved profitability of liquefied natural gas, the group should raise its guidance for operational cash flow from +7.3 billion to +9 billion dollars over 2017/2022, i.e. +35% to +40%, which is also the fastest growth in the sector, the broker's report says.
Copyright (c) 2018 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.