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

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

A number of research analysts have recently commented on the stock. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Royal Bank Of Canada started coverage on shares of ENGIE in a report on Tuesday, November 25th. They issued an “outperform” rating for the company. Berenberg Bank raised shares of ENGIE to a “hold” rating in a research note on Wednesday, January 21st. Citigroup reissued a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of ENGIE in a research report on Friday, November 14th.

ENGIE Trading Down 0.4%

Shares of OTCMKTS:ENGIY opened at $29.58 on Thursday. The business has a fifty day simple moving average of $26.46 and a 200-day simple moving average of $23.81. ENGIE has a 52 week low of $15.91 and a 52 week high of $29.81. The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 1.09.

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.