Neste (NTOIY) was Downgraded to a Hold Rating at Kepler Capital

By Ryan Adsit

Neste (NTOIYResearch Report) received a Hold rating and a EUR48.00 price target from Kepler Capital analyst Pablo Cuadrado on October 23. The company’s shares closed last Friday at $29.06, close to its 52-week high of $29.10.

Cuadrado has an average return of 60.3% when recommending Neste.

According to TipRanks.com, Cuadrado is ranked #1209 out of 7028 analysts.

Currently, the analyst consensus on Neste is a Moderate Buy with an average price target of $53.97, an 84.1% upside from current levels. In a report issued on October 23, Barclays also maintained a Hold rating on the stock with a EUR35.00 price target.

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The company has a one-year high of $29.10 and a one-year low of $10.95. Currently, Neste has an average volume of 6,784.

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Neste Corp. offers renewable products and solutions and oil products to a host of global markets. Its business is divided into various segments, including oil products, renewable products, and marketing and services. Oil products is the largest contributor of revenue; it caters to oil companies and businesses that market oil, lubricants, and fuel products. Neste’s oil products business includes diesel fuels, gasoline, aviation and marine fuels, and light and heavy fuel oils. Neste is heavily involved in the Baltic region with its network of service stations and refineries.