Neste Oyj (OTCMKTS:NTOIY) Price Target Increased to €50.00 by Analysts at Royal Bank of Canada

Neste Oyj (OTCMKTS:NTOIYGet Rating) had its price objective lifted by investment analysts at Royal Bank of Canada from €49.00 ($51.04) to €50.00 ($52.08) in a report released on Thursday, The Fly reports.

Several other research analysts have also issued reports on the company. Societe Generale boosted their target price on Neste Oyj from €40.00 ($41.67) to €45.00 ($46.88) in a research report on Tuesday, May 10th. UBS Group upgraded Neste Oyj from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 16th. Berenberg Bank raised shares of Neste Oyj from a “hold” rating to a “buy” rating in a research note on Wednesday, March 9th. JPMorgan Chase & Co. upgraded shares of Neste Oyj from a “neutral” rating to an “overweight” rating in a report on Tuesday, April 12th. Finally, Barclays lowered their price objective on shares of Neste Oyj from €75.00 ($78.13) to €65.00 ($67.71) in a research report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $53.50.

Shares of Neste Oyj stock traded up $0.45 during trading hours on Thursday, reaching $21.96. The company’s stock had a trading volume of 87,720 shares, compared to its average volume of 66,188. The firm has a 50 day moving average price of $22.65 and a 200-day moving average price of $22.51. Neste Oyj has a one year low of $16.76 and a one year high of $33.77.

About Neste Oyj (Get Rating)

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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