Neste OYJ (OTCMKTS:NTOIY) Trading 5.9% Higher After Analyst Upgrade

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY)’s stock price shot up 5.9% during trading on Monday after The Goldman Sachs Group upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $12.9450 and last traded at $12.9350. 2,695 shares were traded during mid-day trading, a decline of 84% from the average session volume of 16,486 shares. The stock had previously closed at $12.22.

Several other analysts have also recently weighed in on the company. BNP Paribas Exane raised Neste OYJ to a “hold” rating in a research report on Thursday, October 30th. Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a report on Monday, December 15th. Finally, UBS Group upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Neste OYJ presently has a consensus rating of “Buy”.

Neste OYJ Stock Performance

The company’s 50 day simple moving average is $11.09 and its 200-day simple moving average is $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.