Neste Oyj (OTCMKTS:NTOIF) Upgraded by Royal Bank Of Canada to Outperform Rating

Royal Bank Of Canada upgraded shares of Neste Oyj (OTCMKTS:NTOIF) from a sector perform rating to an outperform rating in a report released on Thursday, MarketBeat.com reports.

Separately, Berenberg Bank raised Neste Oyj from a “hold” rating to a “buy” rating in a report on Monday, December 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Neste Oyj Stock Performance

Shares of Neste Oyj stock opened at $27.15 on Thursday. Neste Oyj has a 1 year low of $8.20 and a 1 year high of $27.90. The firm’s 50-day simple moving average is $24.71 and its 200-day simple moving average is $21.35.

Neste Oyj Company Profile

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.