ENGIE (OTCMKTS:ENGIY) Sets New 12-Month High – Here’s What Happened
by Kim Johansen · The Markets DailyShares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $29.12 and last traded at $29.10, with a volume of 7025 shares traded. The stock had previously closed at $28.49.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on ENGIY shares. Berenberg Bank upgraded shares of ENGIE to a “hold” rating in a report on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research report on Friday, November 14th. Royal Bank Of Canada assumed coverage on ENGIE in a research report on Tuesday, November 25th. They issued an “outperform” rating on the stock. Citigroup reissued a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Finally, Barclays reaffirmed an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.
View Our Latest Research Report on ENGIE
ENGIE Trading Down 0.4%
The business has a 50-day simple moving average of $26.37 and a 200-day simple moving average of $23.77. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06.
ENGIE Company Profile
ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.
The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.