A number of other equities analysts have also recently weighed in on FORTUM. UBS set a €19.25 ($22.92) price objective on shares of Fortum Oyj and gave the stock a buy rating in a research report on Tuesday, October 24th. Berenberg Bank set a €17.00 ($20.24) price objective on shares of Fortum Oyj and gave the stock a neutral rating in a research report on Friday, September 29th. S&P Global set a €17.50 ($20.83) price objective on shares of Fortum Oyj and gave the stock a neutral rating in a research report on Thursday, September 28th. J P Morgan Chase & Co set a €17.50 ($20.83) price objective on shares of Fortum Oyj and gave the stock a neutral rating in a research report on Friday, October 6th. Finally, Macquarie set a €20.00 ($23.81) price target on shares of Fortum Oyj and gave the company a buy rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of €17.32 ($20.62).
Shares of Fortum Oyj (HEL FORTUM) opened at €17.21 ($20.49) on Wednesday. Fortum Oyj has a 1-year low of €12.69 ($15.11) and a 1-year high of €18.94 ($22.55).
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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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