Neste OYJ (OTCMKTS:NTOIY) Reaches New 1-Year High – Here’s What Happened

Neste OYJ – Unsponsored ADR (OTCMKTS:NTOIY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.99 and last traded at $11.66, with a volume of 5034 shares. The stock had previously closed at $11.70.

Analysts Set New Price Targets

Several research firms have recently issued reports on NTOIY. The Goldman Sachs Group cut Neste OYJ from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 17th. BNP Paribas upgraded Neste OYJ to a “hold” rating in a research report on Thursday, October 30th. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Finally, UBS Group raised Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Neste OYJ has an average rating of “Moderate Buy”.

Neste OYJ Stock Performance

The company’s 50 day moving average price is $10.55 and its 200 day moving average price is $9.37.

About Neste OYJ

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.