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

UBS Group cut shares of Neste OYJ (OTCMKTS:NTOIY) from a strong-buy rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. BNP Paribas Exane upgraded Neste OYJ to a “hold” rating in a research note 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, The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Neste OYJ Trading Down 2.1%

Shares of NTOIY stock opened at $12.74 on Wednesday. Neste OYJ has a 12 month low of $3.75 and a 12 month high of $13.05. The firm has a fifty day moving average price of $11.09 and a 200 day moving average price 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.