ENGIE (OTCMKTS:ENGIY) Sets New 1-Year High – Here’s Why

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) hit a new 52-week high during trading on Tuesday . The company traded as high as $31.93 and last traded at $31.57, with a volume of 10294 shares trading hands. The stock had previously closed at $31.25.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. Barclays reiterated an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Citigroup restated a “buy” rating on shares of ENGIE in a report on Wednesday, December 3rd. Berenberg Bank raised shares of ENGIE to a “hold” rating in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. lowered ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

ENGIE Price Performance

The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09. The business has a fifty day moving average price of $28.73 and a 200 day moving average price of $24.98.

About ENGIE

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.