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).
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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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