UBS AG set a €19.25 ($22.38) target price on Fortum Oyj (HEL:FORTUM) in a research note issued to investors on Tuesday, October 24th, www.boersen-zeitung.de reports. The brokerage currently has a buy rating on the stock.
A number of other research firms also recently issued reports on FORTUM. J P Morgan Chase & Co set a €17.50 ($20.35) price target on Fortum Oyj and gave the stock a neutral rating in a research note on Friday, October 6th. Macquarie set a €20.00 ($23.26) price target on Fortum Oyj and gave the company a buy rating in a report on Monday, October 2nd. Berenberg Bank set a €17.00 ($19.77) price objective on Fortum Oyj and gave the stock a neutral rating in a report on Friday, September 29th. S&P Global set a €17.50 ($20.35) price target on Fortum Oyj and gave the stock a neutral rating in a report on Thursday, September 28th. Finally, Kepler Capital Markets set a €12.00 ($13.95) price objective on Fortum Oyj and gave the company a sell rating in a research report on Wednesday, September 27th. Two 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. Fortum Oyj has a consensus rating of Hold and a consensus price target of €16.82 ($19.56).
Fortum Oyj (HEL:FORTUM) traded down €0.23 ($0.27) during mid-day trading on Tuesday, reaching €18.17 ($21.13). The company’s stock had a trading volume of 1,240,000 shares, compared to its average volume of 2,430,000. Fortum Oyj has a 52 week low of €12.69 ($14.76) and a 52 week high of €18.75 ($21.80).
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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.
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