ENGIE (OTCMKTS:ENGIY) Sets New 12-Month High – Here’s What Happened

ENGIE – Sponsored ADR (OTCMKTS:ENGIY)’s share price hit a new 52-week high on Monday . The stock traded as high as $26.21 and last traded at $26.1850, with a volume of 4171 shares. The stock had previously closed at $26.00.

Analyst Upgrades and Downgrades

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

ENGIE Stock Up 0.4%

The business has a 50-day moving average price of $24.96 and a 200 day moving average price of $23.11. 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.