Neste Oyj (OTCMKTS:NTOIF) Raised to Outperform at Royal Bank Of Canada

Neste Oyj (OTCMKTS:NTOIF) was upgraded by equities researchers at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday.

Separately, Berenberg Bank raised Neste Oyj from a “hold” rating to a “buy” rating in a research report on Monday, December 15th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Neste Oyj Price Performance

Shares of OTCMKTS NTOIF opened at $27.15 on Thursday. The business has a 50-day moving average of $24.62 and a two-hundred day moving average of $21.31. Neste Oyj has a 1 year low of $8.20 and a 1 year high of $27.90.

Neste Oyj Company Profile

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.