Societe Generale Analysts Give Fortum Oyj (FORTUM) a €20.80 Price Target

Societe Generale set a €20.80 ($24.76) price objective on Fortum Oyj (HEL:FORTUM) in a research note issued to investors on Monday morning. The brokerage currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Kepler Capital Markets set a €14.00 ($16.67) target price on Fortum Oyj and gave the stock a sell rating in a research note on Wednesday, November 1st. S&P Global set a €17.50 ($20.83) target price on Fortum Oyj and gave the stock a neutral rating in a research note on Thursday, September 28th. Berenberg Bank set a €17.00 ($20.24) target price on Fortum Oyj and gave the stock a neutral rating in a research note on Friday, September 29th. JPMorgan Chase & Co. set a €17.50 ($20.83) price objective on Fortum Oyj and gave the company a neutral rating in a research note on Friday, October 27th. Finally, Deutsche Bank set a €12.00 ($14.29) price objective on Fortum Oyj and gave the company a sell rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Fortum Oyj presently has an average rating of Hold and a consensus target price of €18.38 ($21.88).

Shares of Fortum Oyj (FORTUM) traded up €0.15 ($0.18) during mid-day trading on Monday, hitting €17.98 ($21.40). The stock had a trading volume of 2,910,000 shares, compared to its average volume of 2,240,000. The firm has a market cap of $15,970.00 and a P/E ratio of 20.91. Fortum Oyj has a twelve month low of €12.69 ($15.11) and a twelve month high of €18.94 ($22.55).

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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.

Analyst Recommendations for Fortum Oyj (HEL:FORTUM)

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