Neste OYJ (OTCMKTS:NTOIY) Downgraded to "Hold" Rating by The Goldman Sachs Group

Key Points

• Neste OYJ was downgraded by The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating.
• Currently, Neste OYJ has a consensus rating of "hold" according to analysts' reports, with two other analysts also issuing a hold rating.
• The company's stock opened at $9.40 and has a market cap of $14.44 billion, with a 52-week trading range between $3.75 and $10.24.

Neste OYJ (OTCMKTS:NTOIY - Get Free Report) was downgraded by The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report issued on Wednesday,Zacks.com reports.

Separately, Zacks Research raised shares of Neste OYJ to a "hold" rating in a research note on Tuesday, August 12th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of "Hold".

Neste OYJ Trading Up 0.6%

NTOIY traded up $0.06 during midday trading on Wednesday, hitting $9.46. 12,935 shares of the company were exchanged, compared to its average volume of 99,995. The company's 50 day simple moving average is $8.75 and its 200 day simple moving average is $6.54. The firm has a market capitalization of $14.54 billion and a price-to-earnings ratio of 17.66. Neste OYJ has a 1-year low of $3.75 and a 1-year high of $10.24.

About Neste OYJ

Neste Oyj provides renewable diesel and sustainable aviation fuel 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, sustainable aviation fuel, renewable solvents, and feedstock for bioplastics to wholesale markets.