ENGIE (OTCMKTS:ENGIY) Sets New 1-Year High – Time to Buy?

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) hit a new 52-week high on Tuesday . The stock traded as high as $27.4350 and last traded at $27.40, with a volume of 5894 shares traded. The stock had previously closed at $26.89.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ENGIY shares. Royal Bank Of Canada started coverage on shares of ENGIE in a report on Tuesday, November 25th. They issued an “outperform” rating for the company. Citigroup reissued a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Morgan Stanley reaffirmed 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 note on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, ENGIE has an average 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 firm’s 50 day moving average is $25.25 and its 200-day moving average is $23.22.

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.