Fortum Oyj (HEL:FORTUM) has been given a €15.50 ($19.14) price target by research analysts at Deutsche Bank in a research report issued to clients and investors on Monday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s price objective would suggest a potential downside of 15.81% from the stock’s previous close.
Several other brokerages have also recently commented on FORTUM. Societe Generale set a €20.80 ($25.68) price target on Fortum Oyj and gave the stock a “buy” rating in a research report on Monday, January 22nd. Berenberg Bank set a €22.00 ($27.16) price target on Fortum Oyj and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, JPMorgan Chase & Co. set a €17.50 ($21.60) price target on Fortum Oyj and gave the stock a “neutral” rating in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of €18.38 ($22.69).
Shares of Fortum Oyj (HEL:FORTUM) traded down €0.05 ($0.06) on Monday, hitting €18.41 ($22.73). The company had a trading volume of 3,050,000 shares, compared to its average volume of 2,630,000. Fortum Oyj has a 52-week low of €12.69 ($15.67) and a 52-week high of €18.94 ($23.38). The stock has a market capitalization of $16,350.00 and a PE ratio of 18.98.
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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