ENGIE (OTCMKTS:ENGIY) Reaches New 52-Week High – Should You Buy?

ENGIE – Sponsored ADR (OTCMKTS:ENGIY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $27.4350 and last traded at $27.40, with a volume of 5894 shares changing hands. The stock had previously closed at $26.89.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of ENGIE in a report on Wednesday, December 3rd. Royal Bank Of Canada began coverage on shares of ENGIE in a research report on Tuesday, November 25th. They set an “outperform” rating on the stock. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research note on Friday, November 14th. Finally, Barclays reiterated an “overweight” rating on shares of ENGIE in a research report on Thursday, December 11th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

ENGIE Price Performance

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06. The company’s 50-day moving average price is $25.42 and its two-hundred day moving average price is $23.29.

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.