Goldman Sachs Sticks to Its Hold Rating for TotalEnergies SE (TTE)

In a report released yesterday, Michele Della Vigna from Goldman Sachs maintained a Hold rating on TotalEnergies SE (TTE – Research Report). The company’s shares closed yesterday at €54.72.

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Della Vigna covers the Energy sector, focusing on stocks such as TotalEnergies SE, Shell (UK), and ENI S.p.A.. According to TipRanks, Della Vigna has an average return of 3.1% and a 61.38% success rate on recommended stocks.

TotalEnergies SE has an analyst consensus of Strong Buy, with a price target consensus of €62.08, implying a 13.45% upside from current levels. In a report released on June 13, Kepler Capital also maintained a Hold rating on the stock with a €51.00 price target.

Based on TotalEnergies SE’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of €47.9 billion and a net profit of €3.85 billion. In comparison, last year the company earned a revenue of €51.88 billion and had a net profit of €5.72 billion