Barclays Sticks to Its Hold Rating for Neste Corporation (0O46)

In a report released on October 29, Naisheng Cui from Barclays maintained a Hold rating on Neste Corporation, with a price target of €17.00. The company’s shares closed last Wednesday at €19.10.

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According to TipRanks, Cui is an analyst with an average return of -0.2% and a 39.13% success rate. Cui covers the Energy sector, focusing on stocks such as Repsol, Neste Corporation, and GALP Energia SGPS.

The word on The Street in general, suggests a Hold analyst consensus rating for Neste Corporation with a €16.22 average price target, implying a -15.06% downside from current levels. In a report released yesterday, Goldman Sachs also maintained a Hold rating on the stock with a €19.50 price target.

Based on Neste Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €4.51 billion and a GAAP net loss of €36 million. In comparison, last year the company earned a revenue of €4.64 billion and had a GAAP net loss of €144 million