Fortum Oyj (FORTUM) Given a €15.50 Price Target at Deutsche Bank
Fortum Oyj (HEL:FORTUM) received a €15.50 ($18.45) price target from investment analysts at Deutsche Bank in a research note issued to investors on Wednesday. The firm presently has a “sell” rating on the stock. Deutsche Bank’s price objective would indicate a potential downside of 9.94% from the company’s current price.
Several other equities analysts have also recently commented on FORTUM. Kepler Capital Markets set a €12.00 ($14.29) target price on Fortum Oyj and gave the company a “sell” rating in a research note on Wednesday, September 27th. S&P Global set a €17.50 ($20.83) price target on Fortum Oyj and gave the company a “neutral” rating in a research report on Thursday, September 28th. Berenberg Bank set a €17.00 ($20.24) price target on Fortum Oyj and gave the company a “neutral” rating in a research report on Friday, September 29th. Macquarie set a €20.00 ($23.81) price target on Fortum Oyj and gave the company a “buy” rating in a research report on Monday, October 2nd. Finally, J P Morgan Chase & Co set a €17.50 ($20.83) price target on Fortum Oyj and gave the company a “neutral” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of €17.32 ($20.62).
Fortum Oyj (HEL:FORTUM) traded down €0.03 ($0.04) during trading on Wednesday, hitting €17.21 ($20.49). The stock had a trading volume of 2,050,000 shares, compared to its average volume of 2,140,000. Fortum Oyj has a 12 month low of €12.69 ($15.11) and a 12 month high of €18.94 ($22.55).
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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