Neste OYJ (OTCMKTS:NTOIY) Hits New 12-Month High – What’s Next?

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) reached a new 52-week high during trading on Wednesday . The company traded as high as $11.34 and last traded at $11.34, with a volume of 961 shares traded. The stock had previously closed at $11.22.

Wall Street Analyst Weigh In

NTOIY has been the topic of several recent research reports. The Goldman Sachs Group lowered shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 17th. BNP Paribas upgraded Neste OYJ to a “hold” rating in a report on Thursday, October 30th. Berenberg Bank raised 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 report on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Neste OYJ Stock Up 0.2%

The stock has a fifty day moving average price of $10.26 and a 200-day moving average price of $8.99.

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.