Neste Oyj (OTCMKTS:NTOIY) Lifted to “Buy” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Neste Oyj (OTCMKTS:NTOIY) from a neutral rating to a buy rating in a research report sent to investors on Wednesday morning, FlyOnTheWall reports.

Other analysts also recently issued research reports about the stock. UBS Group upgraded shares of Neste Oyj from a neutral rating to a buy rating in a report on Thursday, June 1st. 51job restated an upgrade rating on shares of Neste Oyj in a research report on Friday, June 23rd. Royal Bank of Canada upgraded Neste Oyj from a sector perform rating to an outperform rating in a report on Tuesday, June 13th. Finally, Jefferies Financial Group upgraded shares of Neste Oyj from a hold rating to a buy rating in a report on Wednesday, July 5th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of $55.00.

Neste Oyj Price Performance

Shares of NTOIY opened at $19.27 on Wednesday. Neste Oyj has a 12-month low of $17.20 and a 12-month high of $26.03. The firm has a 50-day moving average price of $18.66 and a 200 day moving average price of $20.94.

Neste Oyj Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, October 23rd. Investors of record on Friday, September 29th will be paid a dividend of $0.2718 per share. This is a positive change from Neste Oyj’s previous dividend of $0.23. The ex-dividend date of this dividend is Thursday, September 28th. Neste Oyj’s dividend payout ratio is presently 45.88%.

Neste Oyj Company Profile

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, renewable jet fuels and solutions, and renewable solvents, as well as raw material for bioplastics based on its technology to wholesale markets.