Shares of Neste Oyj (OTCMKTS:NTOIY) have earned an average rating of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $54.00.
A number of equities analysts have commented on the company. UBS Group cut Neste Oyj from a “buy” rating to a “neutral” rating in a report on Wednesday, June 9th. Cowen began coverage on Neste Oyj in a research report on Friday, March 26th. They issued an “underperform” rating for the company. Credit Suisse Group reiterated an “underperform” rating on shares of Neste Oyj in a research report on Tuesday, May 4th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Neste Oyj in a research report on Tuesday, July 6th. Finally, Kepler Capital Markets lowered Neste Oyj to a “hold” rating and set a $54.00 price target for the company. in a research report on Friday, July 2nd.
Shares of Neste Oyj stock traded up $1.19 during mid-day trading on Thursday, reaching $32.29. 46,301 shares of the stock traded hands, compared to its average volume of 23,091. The company has a 50-day moving average price of $31.95. Neste Oyj has a fifty-two week low of $21.17 and a fifty-two week high of $39.42.
Neste Oyj provides renewable and oil products in Finland and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, renewable jet fuels and solutions, and renewable solvents, as well as raw material for bioplastics based on its technology to wholesale markets.
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