Neste OYJ (OTCMKTS:NTOIY) Stock Rating Lowered by UBS Group

Neste OYJ (OTCMKTS:NTOIY) was downgraded by research analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

A number of other research firms have also weighed in on NTOIY. BNP Paribas Exane upgraded Neste OYJ to a “hold” rating in a report on Thursday, October 30th. The Goldman Sachs Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. Two investment analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Neste OYJ Stock Up 0.4%

Shares of OTCMKTS NTOIY opened at $12.80 on Wednesday. Neste OYJ has a fifty-two week low of $3.75 and a fifty-two week high of $13.05. The firm’s 50-day simple moving average is $11.15 and its 200 day simple moving average is $9.93.

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.