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Citi Sticks to Its Buy Rating for TotalEnergies SE (TTE)

Tipranks - Tue Mar 3, 12:38PM CST

Citi analyst Alastair Syme maintained a Buy rating on TotalEnergies SE on February 27 and set a price target of €75.00. The company’s shares closed today at €67.28.

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According to TipRanks, Syme is a 5-star analyst with an average return of 17.2% and a 69.57% success rate. Syme covers the Energy sector, focusing on stocks such as BP p.l.c., Conocophillips, and TotalEnergies SE.

TotalEnergies SE has an analyst consensus of Moderate Buy, with a price target consensus of €65.62, implying a -2.47% downside from current levels. In a report released today, J.P. Morgan also upgraded the stock to a Buy with a €75.00 price target.

Based on TotalEnergies SE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €46.35 billion and a net profit of €2.93 billion. In comparison, last year the company earned a revenue of €47.12 billion and had a net profit of €3.96 billion

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