Neste OYJ (OTCMKTS:NTOIY) Shares Gap Up – Should You Buy?

Shares of Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) gapped up prior to trading on Tuesday . The stock had previously closed at $11.70, but opened at $12.3499. Neste OYJ shares last traded at $11.89, with a volume of 2,788 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NTOIY shares. BNP Paribas upgraded Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. UBS Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Finally, The Goldman Sachs Group downgraded shares of Neste OYJ from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 17th. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Neste OYJ currently has a consensus rating of “Moderate Buy”.

Neste OYJ Stock Down 0.1%

The stock has a 50 day moving average of $10.52 and a two-hundred day moving average of $9.33.

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.