ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Receives Consensus Rating of “Moderate Buy” from Analysts

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) has been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company.

ENGIY has been the topic of a number of research analyst reports. Sanford C. Bernstein downgraded ENGIE from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. lowered ENGIE from an “overweight” rating to a “neutral” rating in a research report on Thursday, February 5th. Kepler Capital Markets upgraded ENGIE to a “strong-buy” rating in a research note on Thursday, March 19th. Zacks Research raised shares of ENGIE from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Friday, April 17th.

ENGIE Price Performance

Shares of ENGIE stock opened at $31.73 on Friday. The business has a 50-day moving average price of $32.64 and a 200 day moving average price of $28.84. ENGIE has a fifty-two week low of $19.51 and a fifty-two week high of $35.16. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.08 and a quick ratio of 1.03.

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.