JPMorgan Chase & Co. Reiterates “€17.50” Price Target for Fortum Oyj (FORTUM)

JPMorgan Chase & Co. set a €17.50 ($21.60) price objective on Fortum Oyj (HEL:FORTUM) in a report issued on Monday. The firm currently has a neutral rating on the stock.

Several other analysts also recently commented on the company. Deutsche Bank set a €15.50 ($19.14) price objective on Fortum Oyj and gave the stock a sell rating in a research note on Monday. Societe Generale set a €20.80 ($25.68) price objective on Fortum Oyj and gave the stock a buy rating in a research note on Monday, January 22nd. Berenberg Bank set a €22.00 ($27.16) price objective on Fortum Oyj and gave the stock a buy rating in a research note on Friday, January 12th. Kepler Capital Markets set a €14.00 ($17.28) price objective on Fortum Oyj and gave the stock a sell rating in a research note on Wednesday, November 1st. Finally, S&P Global set a €18.00 ($22.22) price objective on Fortum Oyj and gave the stock a neutral rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of €18.38 ($22.69).

Fortum Oyj (HEL:FORTUM) opened at €17.19 ($21.22) on Monday. Fortum Oyj has a 12-month low of €12.69 ($15.67) and a 12-month high of €18.94 ($23.38). The stock has a market capitalization of $15,270.00 and a price-to-earnings ratio of 17.54.

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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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