Neste Oyj (OTCMKTS:NTOIY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Neste Oyj (OTCMKTS:NTOIY) has received an average rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $18.00.

Separately, TD Cowen lowered their target price on Neste Oyj from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Thursday, March 14th.

Neste Oyj Price Performance

OTCMKTS NTOIY opened at $14.94 on Friday. The business has a 50 day simple moving average of $14.32 and a 200 day simple moving average of $16.39. Neste Oyj has a 52-week low of $12.81 and a 52-week high of $25.16.

Neste Oyj Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 2nd will be paid a dividend of $0.3261 per share. This is an increase from Neste Oyj’s previous dividend of $0.27. The ex-dividend date of this dividend is Monday, April 1st. Neste Oyj’s dividend payout ratio is currently 45.88%.

About Neste Oyj

Neste Oyj provides renewable diesel and sustainable aviation fuel in Finland, and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.