Fortum Oyj (FORTUM) Given a €17.50 Price Target at J P Morgan Chase & Co
Fortum Oyj (HEL:FORTUM) received a €17.50 ($20.59) price objective from J P Morgan Chase & Co in a research report issued on Friday. The firm presently has a “neutral” rating on the stock.
Other research analysts have also issued research reports about the company. Macquarie set a €20.00 ($23.53) price target on Fortum Oyj and gave the stock a “buy” rating in a research note on Monday. Berenberg Bank set a €17.00 ($20.00) price target on Fortum Oyj and gave the stock a “neutral” rating in a research note on Friday, September 29th. S&P Global set a €17.50 ($20.59) price target on Fortum Oyj and gave the stock a “neutral” rating in a research note on Thursday, September 28th. Finally, Kepler Capital Markets set a €12.00 ($14.12) price target on Fortum Oyj and gave the stock a “sell” rating in a research note on Wednesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of €16.80 ($19.76).
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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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