Societe Generale Lowers NESTE OYJ/ADR (OTCMKTS:NTOIY) to Hold

Societe Generale downgraded shares of NESTE OYJ/ADR (OTCMKTS:NTOIY) from a buy rating to a hold rating in a research report released on Wednesday morning, The Fly reports.

NTOIY has been the subject of a number of other research reports. Berenberg Bank restated a buy rating on shares of NESTE OYJ/ADR in a research note on Monday, July 27th. Barclays cut NESTE OYJ/ADR from an overweight rating to an equal weight rating in a research note on Monday, June 1st. Royal Bank of Canada restated an outperform rating on shares of NESTE OYJ/ADR in a research note on Monday, July 13th. JPMorgan Chase & Co. restated a neutral rating on shares of NESTE OYJ/ADR in a research note on Tuesday, April 21st. Finally, Morgan Stanley restated an overweight rating on shares of NESTE OYJ/ADR in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. NESTE OYJ/ADR has a consensus rating of Hold.

NTOIY opened at $22.76 on Wednesday. The business has a 50 day moving average of $20.64 and a 200-day moving average of $18.63. NESTE OYJ/ADR has a 52 week low of $10.95 and a 52 week high of $24.17.

About NESTE OYJ/ADR

Neste Oyj provides renewable and oil products in Finland and other Nordic countries, Baltic Rim, other European countries, North and South America, and internationally. The company operates in four segments: Renewable Products, Oil Products, Marketing & Services, and Others. The Renewable Products segment produces, markets, and sells renewable diesel, renewable jet fuels and solutions, and renewable solvents, as well as raw material for bioplastics to retailers; wholesale customers, such as professional transportation companies and municipalities, fleets, and chemical industry producers; and brand owners and oil companies.

Featured Article: What is the Dividend Aristocrat Index?

The Fly

Analyst Recommendations for NESTE OYJ/ADR (OTCMKTS:NTOIY)

Receive News & Ratings for NESTE OYJ/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NESTE OYJ/ADR and related companies with MarketBeat.com's FREE daily email newsletter.