Fortum Oyj (FORTUM) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Fortum Oyj (HEL:FORTUM) have received an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is €17.32 ($20.62).
A number of equities research analysts have issued reports on the stock. Deutsche Bank set a €15.50 ($18.45) price objective on shares of Fortum Oyj and gave the stock a “sell” rating in a research note on Wednesday, December 6th. UBS set a €19.25 ($22.92) target price on shares of Fortum Oyj and gave the stock a “buy” rating in a report on Tuesday, October 24th. Berenberg Bank set a €17.00 ($20.24) target price on shares of Fortum Oyj and gave the stock a “neutral” rating in a report on Friday, September 29th. S&P Global set a €17.50 ($20.83) target price on shares of Fortum Oyj and gave the stock a “neutral” rating in a report on Thursday, September 28th. Finally, J P Morgan Chase & Co set a €17.50 ($20.83) target price on shares of Fortum Oyj and gave the stock a “neutral” rating in a report on Friday, October 6th.
Fortum Oyj (FORTUM) opened at €17.28 ($20.57) on Wednesday. Fortum Oyj has a one year low of €12.69 ($15.11) and a one year high of €18.94 ($22.55).
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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