Fortum Oyj (HEL:FORTUM) has been given a €18.50 ($22.56) price objective by research analysts at JPMorgan Chase in a note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase’s target price indicates a potential upside of 3.70% from the stock’s current price.
FORTUM has been the topic of several other research reports. Societe Generale set a €20.80 ($25.37) price target on shares of Fortum Oyj and gave the company a “buy” rating in a report on Monday, January 22nd. Berenberg Bank set a €22.00 ($26.83) price target on shares of Fortum Oyj and gave the company a “buy” rating in a report on Friday, January 12th. Finally, Deutsche Bank set a €15.50 ($18.90) price target on shares of Fortum Oyj and gave the company a “sell” rating in a report on Monday, February 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of €18.51 ($22.57).
Shares of HEL:FORTUM opened at €17.84 ($21.76) on Tuesday. Fortum Oyj has a 1-year low of €12.69 ($15.48) and a 1-year high of €18.94 ($23.10).
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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