Neste Oyj (OTCMKTS:NTOIY) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Neste Oyj (OTCMKTS:NTOIY) have been given an average rating of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $18.00.

Separately, TD Cowen cut their price target on Neste Oyj from $19.00 to $18.00 and set a “market perform” rating on the stock in a report on Thursday, March 14th.

Neste Oyj Stock Up 1.6 %

NTOIY opened at $13.26 on Monday. The business’s 50 day moving average is $15.20 and its 200-day moving average is $16.81. Neste Oyj has a twelve month low of $12.81 and a twelve month high of $25.16.

Neste Oyj Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Tuesday, April 2nd will be paid a dividend of $0.3261 per share. The ex-dividend date is Monday, April 1st. This is an increase from Neste Oyj’s previous dividend of $0.27. Neste Oyj’s dividend payout ratio (DPR) is 45.88%.

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