ENGIE (OTCMKTS:ENGIY) Reaches New 12-Month High – Still a Buy?

ENGIE – Sponsored ADR (OTCMKTS:ENGIY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $30.14 and last traded at $30.13, with a volume of 21193 shares changing hands. The stock had previously closed at $29.56.

Wall Street Analyst Weigh In

Several research firms have issued reports on ENGIY. Barclays restated an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Berenberg Bank upgraded shares of ENGIE to a “hold” rating in a research note on Wednesday, January 21st. Morgan Stanley reiterated an “overweight” rating on shares of ENGIE in a research note on Friday, November 14th. Citigroup reissued a “buy” rating on shares of ENGIE in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada assumed coverage on shares of ENGIE in a research note on Tuesday, November 25th. They issued an “outperform” rating on the stock. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

ENGIE Stock Performance

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 fifty day moving average of $26.74 and a 200-day moving average of $23.96.

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.