ENGIE (OTCMKTS:ENGIY) Stock Rating Lowered by JPMorgan Chase & Co.

ENGIE (OTCMKTS:ENGIY) was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a note issued to investors on Thursday.

Other equities analysts have also issued research reports about the stock. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. Royal Bank Of Canada began coverage on ENGIE in a research note on Tuesday, November 25th. They set an “outperform” rating on the stock. Berenberg Bank upgraded shares of ENGIE to a “hold” rating in a research note on Wednesday, January 21st. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a research report on Thursday, December 11th. Finally, Citigroup reissued a “buy” rating on shares of ENGIE in a report on Wednesday, December 3rd. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

ENGIE Stock Performance

ENGIY opened at $30.66 on Thursday. The business has a 50-day moving average of $26.95 and a two-hundred day moving average of $24.06. ENGIE has a 12 month low of $16.12 and a 12 month high of $30.89. 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.