Neste OYJ (OTCMKTS:NTOIY) Stock Rating Upgraded by The Goldman Sachs Group

Neste OYJ (OTCMKTS:NTOIY) was upgraded by research analysts at The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on NTOIY. BNP Paribas Exane raised shares of Neste OYJ to a “hold” rating in a report on Thursday, October 30th. Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Finally, UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Neste OYJ Stock Performance

Shares of OTCMKTS NTOIY opened at $13.01 on Monday. Neste OYJ has a one year low of $3.75 and a one year high of $13.05. The business has a fifty day simple moving average of $11.03 and a 200 day simple moving average of $9.89.

About Neste OYJ

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.