Macquarie set a €20.00 ($23.53) target price on Fortum Oyj (HEL:FORTUM) in a report released on Monday. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on the company. Berenberg Bank set a €17.00 ($20.00) price objective on Fortum Oyj and gave the company a neutral rating in a research report on Friday. S&P Global set a €17.50 ($20.59) price objective on Fortum Oyj and gave the stock a neutral rating in a research report on Thursday, September 28th. Finally, Kepler Capital Markets set a €12.00 ($14.12) price objective on shares of Fortum Oyj and gave the company a sell rating in a research report on Wednesday, September 27th.

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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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