ENGIE (OTCMKTS:ENGIY) Reaches New 52-Week High – Here’s Why

ENGIE – Sponsored ADR (OTCMKTS:ENGIY)’s share price reached a new 52-week high on Tuesday . The company traded as high as $27.93 and last traded at $27.9050, with a volume of 7491 shares. The stock had previously closed at $27.63.

Analysts Set New Price Targets

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

ENGIE Stock Up 0.8%

The company has a 50 day moving average price of $26.10 and a 200-day moving average price of $23.60. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 1.09.

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.