Fortum Oyj (FORTUM) PT Set at €22.00 by Berenberg Bank

Berenberg Bank set a €22.00 ($26.19) price objective on Fortum Oyj (HEL:FORTUM) in a report issued on Friday morning. The firm currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. S&P Global set a €17.50 ($20.83) price target on Fortum Oyj and gave the company a neutral rating in a research note on Thursday, September 28th. Kepler Capital Markets set a €12.00 ($14.29) target price on shares of Fortum Oyj and gave the stock a sell rating in a research report on Wednesday, September 27th. JPMorgan Chase & Co. set a €17.50 ($20.83) target price on shares of Fortum Oyj and gave the stock a neutral rating in a research report on Friday, October 27th. Deutsche Bank set a €12.00 ($14.29) target price on shares of Fortum Oyj and gave the stock a sell rating in a research report on Friday, October 27th. Finally, UBS Group set a €19.25 ($22.92) target price on shares of Fortum Oyj and gave the stock a buy rating in a research report on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of €18.04 ($21.47).

Fortum Oyj (HEL FORTUM) traded up €0.61 ($0.73) during mid-day trading on Friday, reaching €17.78 ($21.17). The company’s stock had a trading volume of 4,640,000 shares, compared to its average volume of 2,020,000. The firm has a market cap of $15,800.00 and a P/E ratio of 20.67. Fortum Oyj has a fifty-two week low of €12.69 ($15.11) and a fifty-two week 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.

Analyst Recommendations for Fortum Oyj (HEL:FORTUM)

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