Fortum Oyj (OTCMKTS:FOJCY – Get Rating) has received an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.57.
Several analysts recently weighed in on FOJCY shares. JPMorgan Chase & Co. lowered their price objective on Fortum Oyj from €21.00 ($21.43) to €16.20 ($16.53) and set an “overweight” rating for the company in a report on Tuesday, August 9th. Sanford C. Bernstein upgraded Fortum Oyj from an “underperform” rating to an “outperform” rating in a research report on Wednesday, July 27th. Berenberg Bank downgraded shares of Fortum Oyj from a “buy” rating to a “hold” rating in a research note on Wednesday, September 7th. Finally, AlphaValue downgraded shares of Fortum Oyj to a “reduce” rating in a research note on Monday, July 11th.
Fortum Oyj Trading Up 1.4 %
Shares of Fortum Oyj stock opened at $2.13 on Friday. The business’s fifty day moving average price is $2.15 and its 200 day moving average price is $3.00. Fortum Oyj has a twelve month low of $1.77 and a twelve month high of $6.50.
Fortum Oyj Company Profile
Fortum Oyj, together with its subsidiaries, engages in the generation and sale of electricity and heat in the Nordic countries, Germany, the United Kingdom, Russia, the Netherlands, the Baltic Rim area, and internationally. The company's Generation segment generates power through nuclear, hydro, wind, and thermal resources; and provides power portfolio optimization, trading, and industrial intelligence, as well as nuclear services.
- Get a free copy of the StockNews.com research report on Fortum Oyj (FOJCY)
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