ENGIE (OTCMKTS:ENGIY) Hits New 1-Year High – Here’s Why

ENGIE – Sponsored ADR (OTCMKTS:ENGIY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.21 and last traded at $26.1850, with a volume of 4171 shares changing hands. The stock had previously closed at $26.00.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays reissued an “overweight” rating on shares of ENGIE in a research report on Thursday, December 11th. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. Citigroup reaffirmed a “buy” rating on shares of ENGIE in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada started coverage on ENGIE in a research note on Tuesday, November 25th. They set an “outperform” rating on the stock. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, ENGIE currently has a consensus rating of “Moderate Buy”.

ENGIE Stock Performance

The stock has a 50 day simple moving average of $24.82 and a 200 day simple moving average of $23.06. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current 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.