ENGIE (OTCMKTS:ENGIY) Rating Lowered to Neutral at JPMorgan Chase & Co.

ENGIE (OTCMKTS:ENGIY) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat reports.

Several other equities research analysts have also recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a research report on Friday, November 14th. Barclays reiterated an “overweight” rating on shares of ENGIE in a report on Thursday, December 11th. Berenberg Bank upgraded ENGIE to a “hold” rating in a report on Wednesday, January 21st. Citigroup reiterated a “buy” rating on shares of ENGIE in a report on Wednesday, December 3rd. Finally, Royal Bank Of Canada assumed coverage on ENGIE in a research report on Tuesday, November 25th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

ENGIE Stock Performance

OTCMKTS:ENGIY opened at $30.44 on Thursday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.06 and a quick ratio of 1.00. ENGIE has a fifty-two week low of $16.12 and a fifty-two week high of $30.89. The business has a 50 day moving average price of $27.14 and a 200-day moving average price of $24.16.

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.