Total: Oddo BHF still a buyer
(CercleFinance.com) - On morning, an analyst at Oddo BHF confirmed a "buy" rating on the Total share, with a target price of 42 euros (28% upside).
The group, which will hold a strategic presentation on 30 September, therefore remains one of the broker's top picks.
It says that Total has the most resilient financial profile with the lowest gearing (...). The group will probably be one of the few to make profit this fiscal year, which enables it to maintain its dividend and take time before taking a premature decision at a time when all its peers have halved it. However, we believe that the high dividend yield of the share (...) could, sooner or later, force management to reduce the group's dividend. This would also enable it to accelerate its investments in renewable energies, Oddo BHF points out.
Copyright (c) 2020 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.
The group, which will hold a strategic presentation on 30 September, therefore remains one of the broker's top picks.
It says that Total has the most resilient financial profile with the lowest gearing (...). The group will probably be one of the few to make profit this fiscal year, which enables it to maintain its dividend and take time before taking a premature decision at a time when all its peers have halved it. However, we believe that the high dividend yield of the share (...) could, sooner or later, force management to reduce the group's dividend. This would also enable it to accelerate its investments in renewable energies, Oddo BHF points out.
Copyright (c) 2020 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.