In a report issued on November 10, Bertrand Hodee from Kepler Capital downgraded Neste (NTOIY) to Hold, with a price target of EUR48.00. The company’s shares closed last Wednesday at $31.37, close to its 52-week high of $31.55.
Hodee has an average return of 66.5% when recommending Neste.
According to TipRanks.com, Hodee is ranked #6478 out of 7073 analysts.
Neste has an analyst consensus of Moderate Buy, with a price target consensus of $54.80.
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Neste’s market cap is currently $48.4B and has a P/E ratio of 24.80. The company has a Price to Book ratio of 6.29.
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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.
