ENGIE (OTCMKTS:ENGIY) Hits New 52-Week High – Time to Buy?

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) reached a new 52-week high on Monday . The stock traded as high as $27.7705 and last traded at $27.7705, with a volume of 4464 shares. The stock had previously closed at $27.62.

Analysts Set New Price Targets

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

ENGIE Stock Performance

The company’s 50 day simple moving average is $25.59 and its 200-day simple moving average is $23.35. The company has a quick ratio of 1.00, a current ratio of 1.06 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.