Neste OYJ (OTCMKTS:NTOIY) Rating Increased to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Neste OYJ (OTCMKTS:NTOIY) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Berenberg Bank upgraded Neste OYJ from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 15th. BNP Paribas Exane raised shares of Neste OYJ to a “hold” rating in a research note on Thursday, October 30th. Finally, UBS Group upgraded shares of Neste OYJ from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 26th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Neste OYJ Stock Up 6.8%

Shares of Neste OYJ stock opened at $13.05 on Monday. The company has a fifty day moving average of $10.98 and a 200 day moving average of $9.85. Neste OYJ has a fifty-two week low of $3.75 and a fifty-two week high of $13.05.

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.