Fortum Oyj (FORTUM) Given a €15.50 Price Target at Deutsche Bank
FORTUM has been the topic of a number of other reports. Berenberg Bank set a €17.00 ($20.24) price objective on shares of Fortum Oyj and gave the company a neutral rating in a research note on Friday, September 29th. UBS set a €19.25 ($22.92) target price on Fortum Oyj and gave the stock a buy rating in a report on Tuesday, October 24th. S&P Global set a €17.50 ($20.83) target price on Fortum Oyj and gave the stock a neutral rating in a report on Thursday, September 28th. J P Morgan Chase & Co set a €17.50 ($20.83) target price on Fortum Oyj and gave the stock a neutral rating in a report on Friday, October 6th. Finally, Kepler Capital Markets set a €12.00 ($14.29) target price on Fortum Oyj and gave the stock a sell rating in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of €17.32 ($20.62).
Fortum Oyj (HEL FORTUM) remained flat at $€17.56 ($20.90) during trading hours on Wednesday. Fortum Oyj has a 1-year low of €12.69 ($15.11) and a 1-year high of €18.94 ($22.55).
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About Fortum Oyj
Fortum Oyj is a Finland-based company engaged in the generation and sale of electricity and heat, and operation and maintenance of power plants, as well as energy-related services. The Company operates, along with its subsidiaries, in four business segments: Power, comprising the Company’s power generation, physical operation and trading, as well as expert services for power producers; Heat, consisting of combined heat and power generation (CHP), district heating and cooling activities and business-to-business heating solutions; Russia, including power and heat generation and sales in Russia, and Electricity Solutions, responsible for Fortum’s electricity sales.
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