ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Given Average Rating of “Moderate Buy” by Brokerages

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) has received a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company.

A number of research analysts have weighed in on ENGIY shares. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Barclays restated an “overweight” rating on shares of ENGIE in a research report on Thursday, June 18th. Finally, Zacks Research lowered ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th.

ENGIE Stock Performance

ENGIE stock opened at $27.60 on Friday. The stock’s 50 day simple moving average is $30.29 and its two-hundred day simple moving average is $31.43. ENGIE has a 12 month low of $20.53 and a 12 month high of $35.16. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.03 and a current ratio of 1.08.

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.