Fortum Oyj (OTCMKTS:FOJCY) Stock Rating Reaffirmed by Barclays

Fortum Oyj (OTCMKTS:FOJCY)‘s stock had its “overweight” rating reissued by analysts at Barclays in a note issued to investors on Wednesday, The Fly reports.

Several other analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Fortum Oyj in a research note on Wednesday, August 18th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Fortum Oyj in a research note on Wednesday, May 26th. UBS Group reaffirmed a “neutral” rating on shares of Fortum Oyj in a research note on Thursday, September 9th. Societe Generale reaffirmed a “buy” rating on shares of Fortum Oyj in a research note on Friday, August 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Fortum Oyj in a research note on Thursday, August 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Fortum Oyj has a consensus rating of “Hold” and an average target price of $18.00.

Shares of OTCMKTS:FOJCY traded up $0.02 during midday trading on Wednesday, hitting $6.39. The company had a trading volume of 1,604 shares, compared to its average volume of 2,941. Fortum Oyj has a 12 month low of $3.70 and a 12 month high of $6.43. The firm has a fifty day simple moving average of $5.79 and a 200 day simple moving average of $5.59.

Fortum Oyj Company Profile

Fortum Oyj engages in the generation, distribution, and sale of electricity and heat, as well as operation and maintenance of power plants. It operates through the following divisions: Generation, City Solutions, Consumer Solutions and Russia. The Generation division is responsible for the large scale power production, physical optimization and trading activities in the Nordic area.

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Analyst Recommendations for Fortum Oyj (OTCMKTS:FOJCY)

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