Fortum Oyj (FORTUM) Receives Consensus Rating of “Hold” from Analysts
Fortum Oyj (HEL:FORTUM) has received a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is €17.21 ($20.25).
A number of research firms recently weighed in on FORTUM. UBS AG set a €19.25 ($22.65) price target on shares of Fortum Oyj and gave the stock a “buy” rating in a research note on Tuesday. J P Morgan Chase & Co set a €17.50 ($20.59) price target on shares of Fortum Oyj and gave the stock a “neutral” rating in a research note on Friday, October 6th. Macquarie set a €20.00 ($23.53) price target on shares of Fortum Oyj and gave the stock a “buy” rating in a research note on Monday, October 2nd. Berenberg Bank set a €17.00 ($20.00) price target on shares of Fortum Oyj and gave the stock a “neutral” rating in a research note on Friday, September 29th. Finally, S&P Global set a €17.50 ($20.59) price target on shares of Fortum Oyj and gave the stock a “neutral” rating in a research note on Thursday, September 28th.
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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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