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.
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.
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