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

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

Analyst Upgrades and Downgrades

ENGIY has been the subject of a number of analyst reports. Berenberg Bank raised 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 report on Thursday, December 11th. Zacks Research raised shares of ENGIE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 4th. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. cut shares of ENGIE from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

ENGIE Price Performance

The business has a fifty day moving average of $28.44 and a 200 day moving average of $24.85. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09.

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.