Total: UBS confirms buy rating
(CercleFinance.com) - This morning UBS confirms its buy rating on the Total share, in addition to its 12-month target price of 62.
5 euros, meaning that the stock has over 25% upside potential.
Analysts interviewed Jean-Pierre Sbraire, deputy CFO of the French oil and gas giant. In particular, there was talk of strategy, with Total having organised the rotation of over 25% of its asset portfolio over the past three years, having increased its reserves at a sound price. In doing so, the group has formed a competitive asset base, UBS hails. In addition, Total's projected increase in production, which it expects to increase by an average of 5% p.a. through to 2022, exceeds levels of other sector majors.
Another key point: LNG, an "important contributor to growth" and a segment in which Total has climbed to be the second largest international oil majors (excluding state oil companies) following its Engie LNG acquisition. This sector should also be dynamic.
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.
5 euros, meaning that the stock has over 25% upside potential.
Analysts interviewed Jean-Pierre Sbraire, deputy CFO of the French oil and gas giant. In particular, there was talk of strategy, with Total having organised the rotation of over 25% of its asset portfolio over the past three years, having increased its reserves at a sound price. In doing so, the group has formed a competitive asset base, UBS hails. In addition, Total's projected increase in production, which it expects to increase by an average of 5% p.a. through to 2022, exceeds levels of other sector majors.
Another key point: LNG, an "important contributor to growth" and a segment in which Total has climbed to be the second largest international oil majors (excluding state oil companies) following its Engie LNG acquisition. This sector should also be dynamic.
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.