Kepler Capital analyst Bertrand Hodee maintained a Buy rating on Neste (NTOIY) on June 8 and set a price target of EUR36.00. The company’s shares closed last Tuesday at $23.28, close to its 52-week high of $24.17.
Hodee has an average return of 34.2% when recommending Neste.
According to TipRanks.com, Hodee is ranked #6652 out of 6817 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Neste with a $48.63 average price target, implying a 107.8% upside from current levels. In a report issued on July 27, Berenberg Bank also maintained a Buy rating on the stock with a EUR47.00 price target.
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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.
