ENGIE (OTCMKTS:ENGIY) Raised to Hold at Berenberg Bank

ENGIE (OTCMKTS:ENGIY) was upgraded by equities research analysts at Berenberg Bank to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

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

ENGIE Stock Performance

Shares of OTCMKTS:ENGIY opened at $28.07 on Wednesday. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The business’s 50 day moving average is $26.15 and its 200 day moving average is $23.63. ENGIE has a 12-month low of $15.91 and a 12-month high of $28.28.

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.