Total: Barclays confirms rating
(CercleFinance.com) - On Monday Barclays confirms its "overweight" rating on the Total stock, along with its target price of 60 euros, citing a "general improvement".
Between the integration of recent acquisitions and growth in the cash flow which is expected from organic projects, particularly in the Middle East, the year 2018 should be important for the oil giant, Barclays says.
In 2017, production costs in Total's upstream activities have fallen further, while it has become more efficient, with positive trends set to continue over the next three years, the broker adds. These trends should translate into higher shareholder returns through share buybacks and increased dividends.
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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.
Between the integration of recent acquisitions and growth in the cash flow which is expected from organic projects, particularly in the Middle East, the year 2018 should be important for the oil giant, Barclays says.
In 2017, production costs in Total's upstream activities have fallen further, while it has become more efficient, with positive trends set to continue over the next three years, the broker adds. These trends should translate into higher shareholder returns through share buybacks and increased dividends.
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.