{"id":54251,"date":"2025-10-09T00:08:28","date_gmt":"2025-10-09T04:08:28","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/scotiabank-adjusts-price-targets-for-energy-sector-leaders-shell-and-totalenergies\/54251\/"},"modified":"2025-10-09T00:08:28","modified_gmt":"2025-10-09T04:08:28","slug":"scotiabank-adjusts-price-targets-for-energy-sector-leaders-shell-and-totalenergies","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/scotiabank-adjusts-price-targets-for-energy-sector-leaders-shell-and-totalenergies\/54251\/","title":{"rendered":"Scotiabank Adjusts Price Targets for Energy Sector Leaders Shell and TotalEnergies"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Scotiabank has reiterated its &quot;Buy&quot; rating for Shell (<a href=\"\/stock\/SHEL\">SHEL<\/a>), maintaining a price target of $80.00.<\/strong><\/li>\n<li><strong>For TotalEnergies SE (<a href=\"\/stock\/TTE\">TTE<\/a>), Scotiabank has affirmed a &quot;Hold&quot; rating with a price target of $65.00.<\/strong><\/li>\n<li><em>These updated price targets reflect Scotiabank&#39;s continued evaluation of the dynamics within the U.S. Integrated Oil, Refining, and Large Cap Exploration and Production sectors.<\/em><\/li>\n<\/ul>\n<h2>Scotiabank Maintains Bullish Stance on Shell<\/h2>\n<p>Scotiabank has maintained its &quot;Buy&quot; rating for <strong>Shell<\/strong> (<a href=\"\/stock\/SHEL\">SHEL<\/a>), with the firm&#39;s analyst <strong>Paul Cheng<\/strong> affirming a price target of <strong>$80.00<\/strong>. This target was initially boosted from $70.00 to $80.00 on <em>July 11, 2025<\/em>, and has been consistently maintained since, including an update on <em>August 1, 2025<\/em>. The &quot;Outperform&quot; rating on Shell underscores Scotiabank&#39;s confidence in the energy giant&#39;s performance potential.<\/p>\n<p>The adjustment for Shell forms part of Scotiabank&#39;s broader review of price targets across the U.S. Integrated Oil, Refining, and Large Cap Exploration and Production (E&amp;P) sector. While some previous reports indicated a cut from a higher target, the latest and most consistent information from Scotiabank places Shell&#39;s target at $80.00.<\/p>\n<h2>TotalEnergies Sees Price Target Maintained at $65.00<\/h2>\n<p>In a separate move, Scotiabank has reiterated its &quot;Hold&quot; rating for <strong>TotalEnergies SE<\/strong> (<a href=\"\/stock\/TTE\">TTE<\/a>), setting a price target of <strong>$65.00<\/strong>. This target was raised from $60.00 on <em>July 11, 2025<\/em>, and has been reiterated as recently as <em>October 1, 2025<\/em>. The &quot;Sector Perform&quot; rating suggests that Scotiabank expects TotalEnergies to perform in line with its industry peers.<\/p>\n<p>Analyst <strong>Paul Cheng<\/strong> from Scotiabank has been consistent with this rating and price target for TotalEnergies. This re-evaluation aligns with the firm&#39;s ongoing assessment of market conditions and sector dynamics affecting major energy players. TotalEnergies has a market capitalization of approximately <strong>$151.63 billion<\/strong>, reflecting its significant presence in the energy sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Scotiabank has reiterated its &quot;Buy&quot; rating for Shell (SHEL), maintaining a price target of $80.00. For TotalEnergies SE [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[4251,5716,6358,6420,7488,8149,9159,9708],"class_list":["post-54251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-shel","tag-energy-sector","tag-price-target","tag-totalenergies","tag-shell","tag-scotiabank","tag-tte","tag-oil-and-gas"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/54251","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=54251"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/54251\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=54251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=54251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=54251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}