Fortum Oyj (HEL:FORTUM) has been assigned a €22.00 ($26.19) target price by investment analysts at Berenberg Bank in a research note issued on Friday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 23.73% from the stock’s previous close.
FORTUM has been the topic of a number of other research reports. S&P Global set a €17.50 ($20.83) target price on Fortum Oyj and gave the company a “neutral” rating in a research note on Thursday, September 28th. Kepler Capital Markets set a €12.00 ($14.29) target price on Fortum Oyj and gave the company a “sell” rating in a research note on Wednesday, September 27th. JPMorgan Chase & Co. set a €17.50 ($20.83) target price on Fortum Oyj and gave the company a “neutral” rating in a research note on Friday, October 27th. Deutsche Bank set a €12.00 ($14.29) target price on Fortum Oyj and gave the company a “sell” rating in a research note on Friday, October 27th. Finally, UBS Group set a €19.25 ($22.92) target price on Fortum Oyj and gave the company a “buy” rating in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Fortum Oyj has a consensus rating of “Hold” and an average price target of €18.04 ($21.47).
Shares of Fortum Oyj (FORTUM) opened at €17.78 ($21.17) on Friday. The firm has a market capitalization of $15,800.00 and a P/E ratio of 20.67. Fortum Oyj has a fifty-two week low of €12.69 ($15.11) and a fifty-two week 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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