ENGIE (OTCMKTS:ENGIY) Shares Gap Up – What’s Next?

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) gapped up prior to trading on Friday . The stock had previously closed at $30.28, but opened at $31.2799. ENGIE shares last traded at $31.20, with a volume of 12,357 shares trading hands.

Analyst Ratings Changes

Several research firms have recently commented on ENGIY. Zacks Research upgraded shares of ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Sanford C. Bernstein lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Barclays reissued an “overweight” rating on shares of ENGIE in a report on Thursday, June 18th. Citigroup reaffirmed a “buy” rating on shares of ENGIE in a report on Friday, April 17th. Finally, Kepler Capital Markets upgraded ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ENGIE Stock Up 0.9%

The firm has a 50-day simple moving average of $31.90 and a two-hundred day simple moving average of $30.53. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06.

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.