ENGIE (OTCMKTS:ENGIY) Cut to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of ENGIE (OTCMKTS:ENGIY) from an overweight rating to a neutral rating in a research note issued to investors on Thursday morning, MarketBeat.com reports.

A number of other brokerages have also recently commented on ENGIY. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Royal Bank Of Canada assumed coverage on ENGIE in a report on Tuesday, November 25th. They issued an “outperform” rating on the stock. Berenberg Bank upgraded ENGIE to a “hold” rating in a research report on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of ENGIE in a research report on Wednesday, December 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, ENGIE presently has an average rating of “Moderate Buy”.

ENGIE Stock Performance

ENGIY stock opened at $30.44 on Thursday. The stock has a fifty day moving average of $27.14 and a 200-day moving average of $24.16. ENGIE has a fifty-two week low of $16.12 and a fifty-two week high of $30.89. The company has a current ratio of 1.06, a quick ratio of 1.00 and a debt-to-equity ratio of 1.09.

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.