Neste OYJ (OTCMKTS:NTOIY) Lowered to “Hold” Rating by UBS Group

Neste OYJ (OTCMKTS:NTOIY) was downgraded by investment analysts at UBS Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. The Goldman Sachs Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday. Berenberg Bank raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 15th. Finally, BNP Paribas Exane upgraded shares of Neste OYJ to a “hold” rating in a report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Neste OYJ Price Performance

NTOIY opened at $12.74 on Wednesday. Neste OYJ has a fifty-two week low of $3.75 and a fifty-two week high of $13.05. The firm has a 50 day simple moving average of $11.09 and a 200 day simple moving average of $9.91.

Neste OYJ Company Profile

Neste OYJ is a Finland-based energy company with a strong focus on renewable and circular solutions. Headquartered in Espoo, the company operates one of the world’s largest renewable diesel production networks and offers a wide range of low-carbon fuels, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residues. In addition to renewable products, Neste maintains traditional oil refining and marketing operations in selected markets.

The company’s Renewable Products segment processes raw materials such as used cooking oil, animal fat and industrial residues into high-performance renewable diesel and aviation fuel.