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

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $27.7705 and last traded at $27.7705, with a volume of 4464 shares changing hands. The stock had previously closed at $27.62.

Analysts Set New Price Targets

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

ENGIE Stock Up 0.6%

The firm’s 50 day simple moving average is $25.59 and its two-hundred day simple moving average is $23.35. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.00.

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.