Deutsche Bank Reiterates “€15.50” Price Target for Fortum Oyj (FORTUM)

Fortum Oyj (HEL:FORTUM) received a €15.50 ($19.14) target price from investment analysts at Deutsche Bank in a research report issued to clients and investors on Monday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s target price would indicate a potential downside of 11.68% from the stock’s previous close.

FORTUM has been the topic of several other reports. UBS Group set a €19.25 ($23.77) target price on shares of Fortum Oyj and gave the stock a “buy” rating in a report on Tuesday, October 24th. Berenberg Bank set a €22.00 ($27.16) target price on shares of Fortum Oyj and gave the stock a “buy” rating in a report on Friday, January 12th. JPMorgan Chase & Co. set a €17.50 ($21.60) price objective on shares of Fortum Oyj and gave the stock a “neutral” rating in a research report on Friday, October 27th. Kepler Capital Markets set a €14.00 ($17.28) price objective on shares of Fortum Oyj and gave the stock a “sell” rating in a research report on Wednesday, November 1st. Finally, S&P Global set a €18.00 ($22.22) price objective on shares of Fortum Oyj and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of €18.38 ($22.69).

Fortum Oyj (HEL FORTUM) opened at €17.76 ($21.93) on Monday. The stock has a market capitalization of $15,780.00 and a PE ratio of 20.65. Fortum Oyj has a 12 month low of €12.69 ($15.67) and a 12 month high of €18.94 ($23.38).

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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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