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

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) reached a new 52-week high on Monday . The stock traded as high as $30.9950 and last traded at $30.90, with a volume of 34977 shares. The stock had previously closed at $30.44.

Analyst Ratings Changes

Several research firms have recently commented on ENGIY. Barclays reissued an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Berenberg Bank upgraded shares of ENGIE to a “hold” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. downgraded shares of ENGIE from an “overweight” rating to a “neutral” rating in a report on Thursday, February 5th. Citigroup restated a “buy” rating on shares of ENGIE in a research report on Wednesday, December 3rd. Finally, Zacks Research raised ENGIE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

ENGIE Stock 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 firm’s 50-day moving average price is $27.50 and its 200-day moving average price is $24.33.

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.