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

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) have received a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company.

ENGIY has been the subject of several analyst reports. Zacks Research upgraded ENGIE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. Citigroup restated a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Barclays reiterated an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research report on Friday, November 14th. Finally, JPMorgan Chase & Co. downgraded shares of ENGIE from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 5th.

ENGIE Stock Performance

ENGIY stock opened at $31.03 on Monday. The business has a 50 day moving average of $28.33 and a 200 day moving average of $24.74. ENGIE has a twelve month low of $16.73 and a twelve month high of $31.90. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 1.09.

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.