Engie (OTCMKTS:ENGIY) Price Target Increased to €17.50 by Analysts at Barclays

Engie (OTCMKTS:ENGIYGet Rating) had its price target lifted by Barclays from €17.00 ($17.71) to €17.50 ($18.23) in a research note published on Wednesday, The Fly reports. The firm currently has an overweight rating on the utilities provider’s stock.

A number of other equities analysts also recently issued reports on the stock. Morgan Stanley cut their price target on shares of Engie from €18.00 ($18.75) to €16.00 ($16.67) and set an overweight rating for the company in a report on Friday, April 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Engie from a hold rating to a buy rating in a report on Monday, April 25th. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Buy and an average price target of $16.33.

Shares of Engie stock opened at $13.32 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.07 and a current ratio of 1.14. Engie has a one year low of $10.77 and a one year high of $16.78. The firm has a fifty day moving average of $12.62 and a two-hundred day moving average of $14.11.

The business also recently declared a dividend, which was paid on Wednesday, May 4th. Stockholders of record on Tuesday, April 26th were given a dividend of $0.7631 per share. This represents a dividend yield of 9.96%. The ex-dividend date was Monday, April 25th.

Engie Company Profile (Get Rating)

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, Thermal, Supply, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, biomass, offshore wind, and geothermal.

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