ENGIE (OTCMKTS:ENGIY) Hits New 12-Month High – Here’s Why

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) reached a new 52-week high on Tuesday . The stock traded as high as $26.1990 and last traded at $26.1499, with a volume of 41174 shares traded. The stock had previously closed at $25.92.

Wall Street Analysts Forecast Growth

ENGIY has been the subject of a number of recent analyst reports. Morgan Stanley reiterated 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 note on Wednesday, December 3rd. Royal Bank Of Canada assumed coverage on ENGIE in a research note on Tuesday, November 25th. They issued an “outperform” rating for the company. Finally, Barclays reissued an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

ENGIE Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The stock’s fifty day simple moving average is $24.56 and its 200-day simple moving average is $22.95.

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.