Neste OYJ (OTCMKTS:NTOIY) Hits New 12-Month High – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price reached a new 52-week high on Friday . The stock traded as high as $12.37 and last traded at $12.30, with a volume of 13435 shares changing hands. The stock had previously closed at $12.20.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 26th. Finally, BNP Paribas Exane upgraded shares of Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Neste OYJ Trading Up 0.2%

The firm’s 50-day moving average price is $10.92 and its two-hundred day moving average price is $9.79.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.