ENGIE (OTCMKTS:ENGIY) Hits New 12-Month High – Still a Buy?

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) reached a new 52-week high on Tuesday . The company traded as high as $26.1990 and last traded at $26.1499, with a volume of 41174 shares. The stock had previously closed at $25.92.

Analysts Set New Price Targets

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

ENGIE Stock Down 0.5%

The company has a fifty day moving average of $24.71 and a 200-day moving average of $23.00. The company has a current ratio of 1.06, a quick ratio of 1.00 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.