ENGIE (OTCMKTS:ENGIY) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) saw an uptick in trading volume on Friday . 750,215 shares changed hands during trading, an increase of 210% from the previous session’s volume of 242,233 shares.The stock last traded at $30.32 and had previously closed at $30.02.

Analysts Set New Price Targets

A number of analysts have weighed in on ENGIY shares. Berenberg Bank raised shares of ENGIE to a “hold” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. cut shares of ENGIE from an “overweight” rating to a “neutral” rating in a research note on Thursday. Zacks Research upgraded ENGIE from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, ENGIE presently has a consensus rating of “Moderate Buy”.

ENGIE Stock Performance

The business has a fifty day simple moving average of $27.04 and a two-hundred day simple moving average of $24.11. 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.