Fortum Oyj (HEL:FORTUM) PT Set at €12.00 by Deutsche Bank AG

Fortum Oyj (HEL:FORTUM) has been assigned a €12.00 ($13.95) price objective by equities researchers at Deutsche Bank AG in a research report issued to clients and investors on Friday, October 27th. The firm currently has a “sell” rating on the stock. Deutsche Bank AG’s target price would indicate a potential downside of 33.96% from the stock’s current price.

Other analysts have also issued research reports about the company. S&P Global set a €17.50 ($20.35) price objective on Fortum Oyj and gave the company a “neutral” rating in a report on Thursday, September 28th. Kepler Capital Markets set a €12.00 ($13.95) price objective on Fortum Oyj and gave the company a “sell” rating in a report on Wednesday, September 27th. Berenberg Bank set a €17.00 ($19.77) target price on Fortum Oyj and gave the company a “neutral” rating in a research report on Friday, September 29th. J P Morgan Chase & Co set a €17.50 ($20.35) target price on Fortum Oyj and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, UBS AG set a €19.25 ($22.38) target price on Fortum Oyj and gave the company a “buy” rating in a research report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of €16.82 ($19.56).

Shares of Fortum Oyj (FORTUM) traded down €0.23 ($0.27) during midday trading on Friday, hitting €18.17 ($21.13). The company had a trading volume of 1,240,000 shares, compared to its average volume of 2,430,000. Fortum Oyj has a 12-month low of €12.69 ($14.76) and a 12-month high of €18.75 ($21.80).

WARNING: This article was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2017/11/11/fortum-oyj-fortum-given-a-12-00-price-target-by-deutsche-bank-ag-analysts.html.

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.

Analyst Recommendations for Fortum Oyj (HEL:FORTUM)

Receive News & Ratings for Fortum Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortum Oyj and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply