Neste Oyj (OTCMKTS:NTOIF) Stock Price Up 8.9% – What’s Next?

Neste Oyj (OTCMKTS:NTOIF) shot up 8.9% during trading on Tuesday . The stock traded as high as $27.90 and last traded at $27.15. 356 shares traded hands during mid-day trading, an increase of 11% from the average session volume of 322 shares. The stock had previously closed at $24.93.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NTOIF shares. Berenberg Bank upgraded shares of Neste Oyj from a “hold” rating to a “buy” rating in a report on Monday, December 15th. Royal Bank Of Canada raised shares of Neste Oyj from a “sector perform” rating to an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Neste Oyj has a consensus rating of “Buy”.

Neste Oyj Stock Performance

The company has a fifty day simple moving average of $24.62 and a two-hundred day simple moving average of $21.31.

About Neste Oyj

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.