Home > Analyse
Actualite financiere : Actualite bourse

Total: Societe Generale confirms buy rating

(CercleFinance.com) - This morning analysts at Societe Generale (SG) have confirmed their buy rating on the share of the French oil and gas major Total.
They are also maintaining their 12-month target price of 55 euros.

In view of this new year, analysts point out that since 2014, Total has adapted to Brent oil of 50 dollars per barrel, reducing and refocusing its investments and cutting its costs.

"But the strategy was not just about cost cutting," SG adds. "It was also about building the portfolio to deliver material growth. Total has invested at the low point in the oil price cycle when attractive opportunities arose, both organic and inorganic," the specialists added. Average annual growth in production is therefore expected to reach 5% p.a., with SG mentioning the takeover of Maersk Oil and the launch of Yamal LNG.

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.