Berenberg Bank set a €22.00 ($26.19) price objective on Fortum Oyj (HEL:FORTUM) in a research note issued to investors on Friday. The firm currently has a buy rating on the stock.
A number of other brokerages have also commented on FORTUM. Macquarie set a €20.00 ($23.81) price objective on shares of Fortum Oyj and gave the stock a buy rating in a report on Monday, October 2nd. Deutsche Bank set a €15.50 ($18.45) price objective on shares of Fortum Oyj and gave the stock a sell rating in a report on Wednesday, December 6th. S&P Global set a €18.00 ($21.43) price objective on shares of Fortum Oyj and gave the stock a neutral rating in a report on Thursday, October 26th. Kepler Capital Markets set a €14.00 ($16.67) price objective on shares of Fortum Oyj and gave the stock a sell rating in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. set a €17.50 ($20.83) price target on shares of Fortum Oyj and gave the company a neutral rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of €18.04 ($21.47).
Shares of Fortum Oyj (HEL:FORTUM) opened at €17.63 ($20.99) on Friday. Fortum Oyj has a 1 year low of €12.69 ($15.11) and a 1 year high of €18.94 ($22.55). The stock has a market cap of $15,660.00 and a P/E ratio of 20.50.
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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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