Neste Oyj (OTCMKTS:NTOIF) Stock Price Up 3% – Here’s Why

Neste Oyj (OTCMKTS:NTOIF) shares rose 3% during mid-day trading on Wednesday . The company traded as high as $33.21 and last traded at $33.21. Approximately 1,250 shares were traded during trading, a decline of 65% from the average daily volume of 3,575 shares. The stock had previously closed at $32.23.

Analysts Set New Price Targets

NTOIF has been the topic of a number of recent research reports. Royal Bank Of Canada raised Neste Oyj from a “sector perform” rating to an “outperform” rating in a report on Thursday, March 12th. Barclays raised Neste Oyj from an “equal weight” rating to an “overweight” rating in a report on Tuesday, March 17th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Neste Oyj Stock Performance

The business has a fifty day moving average of $31.13 and a 200-day moving average of $25.60.

Neste Oyj Company Profile

Neste Oyj is a Finland-based energy company specializing in the refining and marketing of oil products and renewable solutions. Established in 1948 and headquartered in Espoo, the company operates refineries in Finland, the Netherlands and Singapore. Over time, Neste has transformed from a traditional oil refiner into a global supplier of lower-emission fuels and renewable feedstocks.

The company’s business is organized across three primary segments. The Renewable Products segment focuses on producing Neste MY Renewable Diesel, sustainable aviation fuel (SAF) and renewable feedstocks derived from waste and residue oils.