Fortum Oyj (FORTUM) PT Set at €15.50 by Deutsche Bank
Fortum Oyj (HEL:FORTUM) has been assigned a €15.50 ($18.45) target price by stock analysts at Deutsche Bank in a research report issued on Wednesday. The brokerage currently has a “sell” rating on the stock. Deutsche Bank’s price target would suggest a potential downside of 10.09% from the company’s previous close.
Other equities research analysts have also recently issued reports about the stock. S&P Global set a €17.50 ($20.83) price target on shares of Fortum Oyj and gave the company a “neutral” rating in a research report on Thursday, September 28th. Kepler Capital Markets set a €12.00 ($14.29) price target on shares of Fortum Oyj and gave the company a “sell” rating in a research report on Wednesday, September 27th. Berenberg Bank set a €17.00 ($20.24) price target on shares of Fortum Oyj and gave the company a “neutral” rating in a research report on Friday, September 29th. J P Morgan Chase & Co set a €17.50 ($20.83) price target on shares of Fortum Oyj and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, UBS set a €19.25 ($22.92) price target on shares of Fortum Oyj and gave the company a “buy” rating in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of €17.32 ($20.62).
Fortum Oyj (HEL FORTUM) opened at €17.24 ($20.52) on Wednesday. Fortum Oyj has a 52 week low of €12.69 ($15.11) and a 52 week high of €18.94 ($22.55).
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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