Fortum Oyj (HEL:FORTUM) has earned an average recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is €18.38 ($22.69).
Several analysts recently commented on the company. Deutsche Bank set a €15.50 ($19.14) target price on Fortum Oyj and gave the stock a “sell” rating in a report on Monday, March 12th. JPMorgan Chase set a €17.50 ($21.60) target price on Fortum Oyj and gave the stock a “neutral” rating in a report on Monday, February 5th. Berenberg Bank set a €22.00 ($27.16) target price on Fortum Oyj and gave the stock a “buy” rating in a report on Friday, January 12th. Finally, Societe Generale set a €20.80 ($25.68) target price on Fortum Oyj and gave the stock a “buy” rating in a report on Monday, January 22nd.
Shares of FORTUM stock opened at €17.84 ($22.02) on Tuesday. Fortum Oyj has a fifty-two week low of €12.69 ($15.67) and a fifty-two week high of €18.94 ($23.38).
Fortum Oyj Company Profile
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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