ENGIE (OTCMKTS:ENGIY) Raised to Hold at Berenberg Bank

ENGIE (OTCMKTS:ENGIY) was upgraded by equities researchers at Berenberg Bank to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

ENGIY has been the subject of a number of other research reports. Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Royal Bank Of Canada began coverage on ENGIE in a research note on Tuesday, November 25th. They issued an “outperform” rating on the stock. Finally, Morgan Stanley restated an “overweight” rating on shares of ENGIE in a research note on Friday, November 14th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

ENGIE Stock Up 0.8%

Shares of ENGIY stock opened at $28.07 on Wednesday. ENGIE has a 12-month low of $15.91 and a 12-month high of $28.28. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.00. The firm has a 50-day moving average price of $26.15 and a 200 day moving average price of $23.63.

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.