Neste Oyj (OTCMKTS:NTOIF) Upgraded to Overweight at Barclays

Barclays upgraded shares of Neste Oyj (OTCMKTS:NTOIF) from an equal weight rating to an overweight rating in a report released on Tuesday, MarketBeat reports.

Other equities research analysts have also recently issued research reports about the company. Royal Bank Of Canada raised Neste Oyj from a “sector perform” rating to an “outperform” rating in a research note on Thursday, March 12th. Berenberg Bank raised Neste Oyj from a “hold” rating to a “buy” rating in a research note on Monday, December 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Neste Oyj has an average rating of “Buy”.

Neste Oyj Price Performance

Shares of NTOIF opened at $27.15 on Tuesday. Neste Oyj has a 12 month low of $8.20 and a 12 month high of $27.90. The stock’s 50-day moving average price is $24.97 and its two-hundred day moving average price is $21.58.

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.