ENGIE (OTCMKTS:ENGIY) Sees Strong Trading Volume – Here’s What Happened

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) shares saw an uptick in trading volume on Tuesday . 160,994 shares traded hands during trading, an increase of 25% from the previous session’s volume of 128,654 shares.The stock last traded at $27.28 and had previously closed at $27.79.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of ENGIE in a report on Wednesday, December 3rd. Barclays restated an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Royal Bank Of Canada began coverage on ENGIE in a research note on Tuesday, November 25th. They issued an “outperform” rating for the company. Finally, Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, ENGIE has an average rating of “Moderate Buy”.

ENGIE Stock Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06. The company has a 50 day moving average price of $25.67 and a 200 day moving average price of $23.39.

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.