Brokerages Set Fortum Oyj (OTCMKTS:FOJCY) Target Price at $19.57

Shares of Fortum Oyj (OTCMKTS:FOJCYGet Rating) have earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $19.57.

A number of analysts have recently commented on FOJCY shares. Sanford C. Bernstein upgraded Fortum Oyj from an “underperform” rating to an “outperform” rating in a research report on Wednesday, July 27th. AlphaValue lowered Fortum Oyj to a “reduce” rating in a research note on Monday, July 11th. Berenberg Bank lowered Fortum Oyj from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Fortum Oyj from €21.00 ($21.43) to €16.20 ($16.53) and set an “overweight” rating on the stock in a report on Tuesday, August 9th.

Fortum Oyj Stock Up 1.4 %

Fortum Oyj stock opened at $2.13 on Friday. Fortum Oyj has a 52 week low of $1.77 and a 52 week high of $6.50. The stock has a 50-day moving average price of $2.15 and a 200 day moving average price of $3.00.

Fortum Oyj Company Profile

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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.

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Analyst Recommendations for Fortum Oyj (OTCMKTS:FOJCY)

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