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 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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