Berenberg Bank Boosts Neste Oyj (OTCMKTS:NTOIY) Price Target to €57.00

Neste Oyj (OTCMKTS:NTOIYGet Rating) had its price objective raised by Berenberg Bank from €50.00 ($51.55) to €57.00 ($58.76) in a research report report published on Tuesday, The Fly reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank of Canada raised their price target on Neste Oyj from €51.00 ($52.58) to €56.00 ($57.73) in a report on Monday, August 1st. Barclays dropped their price target on Neste Oyj from €75.00 ($77.32) to €65.00 ($67.01) in a report on Wednesday, April 6th. The Goldman Sachs Group cut Neste Oyj from a buy rating to a neutral rating in a report on Tuesday, June 14th. Societe Generale raised their price target on Neste Oyj from €40.00 ($41.24) to €45.00 ($46.39) in a report on Tuesday, May 10th. Finally, JPMorgan Chase & Co. increased their price objective on Neste Oyj from €53.00 ($54.64) to €55.00 ($56.70) and gave the company an overweight rating in a research report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $55.60.

Neste Oyj Price Performance

Shares of NTOIY opened at $24.60 on Tuesday. Neste Oyj has a 1 year low of $16.76 and a 1 year high of $32.68. The stock has a 50 day simple moving average of $23.05 and a 200-day simple moving average of $22.07.

About Neste Oyj

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Neste Oyj provides renewable and oil products 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, renewable jet fuels and solutions, and renewable solvents, as well as raw material for bioplastics based on its technology to wholesale markets.

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