TotalEnergies is considering selling half of its biogas production units located in France and Poland. The energy company is working with an advisor to explore possible interest from investors. This move is part of TotalEnergies’ efforts to better manage its business and find partners to help grow these projects, reports Gurufocus.
The company wants to bring in suitable partners who can support the expansion and development of its biogas work in both countries.
Meanwhile, stock analysts are mostly positive about TotalEnergies’ future. Based on estimates from 11 analysts, the average target price for the company’s shares is $67.47. This is higher than the current share price of $59.05, suggesting a potential increase of about 14 percent. Some analysts believe the stock could go as high as $75.00, while others give a lower estimate of $60.00.
Analysts also give the company an average rating of 2.4 on a scale from 1 to 5, where 1 means “Strong Buy” and 5 means “Sell.” A rating of 2.4 means the stock is expected to perform better than many others.
Another estimate, called the GF Value, puts the company’s likely value in a year at $64.56, which would be about a 9 percent increase from the current price.
