Several other research analysts have also recently weighed in on FORTUM. Macquarie set a €20.00 ($23.53) price objective on Fortum Oyj and gave the stock a buy rating in a research report on Monday, October 2nd. J P Morgan Chase & Co set a €17.50 ($20.59) price objective on Fortum Oyj and gave the company a neutral rating in a research note on Friday, October 6th. S&P Global set a €18.00 ($21.18) price objective on Fortum Oyj and gave the company a neutral rating in a research note on Thursday, October 26th. Berenberg Bank set a €17.00 ($20.00) price objective on Fortum Oyj and gave the company a neutral rating in a research note on Friday, September 29th. Finally, Deutsche Bank AG set a €12.00 ($14.12) price objective on Fortum Oyj and gave the company a sell rating in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Fortum Oyj currently has a consensus rating of Hold and an average target price of €16.82 ($19.79).
Shares of Fortum Oyj (HEL FORTUM) opened at €18.36 ($21.60) on Wednesday. Fortum Oyj has a twelve month low of €12.69 ($14.93) and a twelve month high of €18.49 ($21.75).
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Fortum Oyj Company Profile
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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