Nokia Oyj (HEL:NOKIA) has been given a €7.30 ($8.69) target price by Societe Generale in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. Societe Generale’s price objective would indicate a potential upside of 88.14% from the stock’s previous close.
Several other research analysts also recently issued reports on NOKIA. Citigroup set a €4.60 ($5.48) price target on shares of Nokia Oyj and gave the stock a “neutral” rating in a research report on Friday, October 27th. S&P Global set a €5.00 ($5.95) price target on shares of Nokia Oyj and gave the stock a “buy” rating in a research report on Thursday, January 4th. Barclays set a €6.50 ($7.74) price target on shares of Nokia Oyj and gave the stock a “buy” rating in a research report on Friday, October 27th. Goldman Sachs Group set a €4.50 ($5.36) price target on shares of Nokia Oyj and gave the stock a “neutral” rating in a research report on Thursday, January 18th. Finally, Credit Suisse Group set a €5.00 ($5.95) price target on shares of Nokia Oyj and gave the stock a “buy” rating in a research report on Monday, October 30th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of €5.46 ($6.50).
Shares of Nokia Oyj (HEL NOKIA) traded down €0.02 ($0.02) during trading hours on Thursday, hitting €3.88 ($4.62). 19,790,000 shares of the stock traded hands, compared to its average volume of 20,110,000. Nokia Oyj has a 52 week low of €3.81 ($4.54) and a 52 week high of €5.95 ($7.08). The firm has a market cap of $22,630.00 and a P/E ratio of -48.50.
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Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.
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