J P Morgan Chase & Co set a €17.50 ($20.59) price objective on Fortum Oyj (HEL:FORTUM) in a research report sent to investors on Friday morning. The brokerage currently has a neutral rating on the stock.
A number of other equities analysts have also weighed in on the company. Kepler Capital Markets set a €12.00 ($14.12) price target on Fortum Oyj and gave the company a sell rating in a research report on Wednesday, September 27th. S&P Global set a €17.50 ($20.59) price target on Fortum Oyj and gave the company a neutral rating in a research report on Thursday, September 28th. Macquarie set a €20.00 ($23.53) price target on Fortum Oyj and gave the company a buy rating in a research report on Monday, October 2nd. Finally, Berenberg Bank set a €17.00 ($20.00) price target on Fortum Oyj and gave the company a neutral rating in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of €16.80 ($19.76).
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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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