Neste OYJ (OTCMKTS:NTOIY) Cut to “Hold” at UBS Group

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

NTOIY has been the subject of several other research reports. BNP Paribas Exane raised Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. The Goldman Sachs Group raised shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Berenberg Bank upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Neste OYJ Stock Down 0.8%

Shares of NTOIY stock opened at $12.69 on Wednesday. The business has a 50-day moving average price of $11.21 and a two-hundred day moving average price of $9.97. Neste OYJ has a 12-month low of $3.75 and a 12-month high of $13.05.

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.