Total: Jefferies a buyer ahead of CMD
(CercleFinance.com) - This morning broker Jefferies confirmed its buy rating on the French oil giant Total share, with the group set to hold its annual CMD within a fortnight.
The broker also maintains its target price of 57 euros.
According to analysts, this event (to be held in New York on 24 September) will provide the group with "an excellent opportunity for the company to re-assert its key objective of growing shareholder returns" thanks to the "disciplined" CFFO growth. At the event, the group is also expected to confirm its intention to return 40% of this operating cash flow to shareholders, via dividends and share buybacks.
Finally, the group's fourth and most recent division, Integrated Gas, Renewables & Power (iGRP), should also be at center stage, with its dual objectives of growing profitability while reducing the company's carbon intensity.
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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 also maintains its target price of 57 euros.
According to analysts, this event (to be held in New York on 24 September) will provide the group with "an excellent opportunity for the company to re-assert its key objective of growing shareholder returns" thanks to the "disciplined" CFFO growth. At the event, the group is also expected to confirm its intention to return 40% of this operating cash flow to shareholders, via dividends and share buybacks.
Finally, the group's fourth and most recent division, Integrated Gas, Renewables & Power (iGRP), should also be at center stage, with its dual objectives of growing profitability while reducing the company's carbon intensity.
Copyright (c) 2019 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.