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 note issued to investors on Wednesday morning, The Fly reports.

NTOIY has been the subject of a number of other reports. Barclays cut shares of NESTE OYJ/ADR from an overweight rating to an equal weight rating in a research note on Monday, June 1st. Credit Suisse Group cut shares of NESTE OYJ/ADR from a neutral rating to an underperform rating in a research note on Tuesday, July 21st. Royal Bank of Canada reiterated an outperform rating on shares of NESTE OYJ/ADR in a research note on Monday, July 13th. UBS Group reiterated a neutral rating on shares of NESTE OYJ/ADR in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of NESTE OYJ/ADR in a research note on Tuesday, April 21st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold.

OTCMKTS NTOIY opened at $22.76 on Wednesday. The company has a 50 day moving average price of $20.64 and a two-hundred day moving average price of $18.63. NESTE OYJ/ADR has a 12-month low of $10.95 and a 12-month 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.

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