Fortum Oyj (FORTUM) Receives €17.21 Average PT from Brokerages

Fortum Oyj (HEL:FORTUM) has received a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is €16.54 ($19.45).

A number of brokerages have issued reports on FORTUM. Deutsche Bank AG set a €12.00 ($14.12) target price on shares of Fortum Oyj and gave the stock a “sell” rating in a report on Friday. JPMorgan Chase & Co. set a €17.50 ($20.59) target price on shares of Fortum Oyj and gave the stock a “neutral” rating in a report on Friday. S&P Global set a €18.00 ($21.18) target price on shares of Fortum Oyj and gave the stock a “neutral” rating in a report on Thursday. UBS AG set a €19.25 ($22.65) target price on shares of Fortum Oyj and gave the stock a “buy” rating in a report on Tuesday. Finally, Macquarie set a €20.00 ($23.53) target price on shares of Fortum Oyj and gave the stock a “buy” rating in a report on Monday, October 2nd.

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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.

Analyst Recommendations for Fortum Oyj (HEL:FORTUM)

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