ENGIE – Sponsored ADR (OTCMKTS:ENGIY) Given Consensus Recommendation of “Moderate Buy” by Analysts

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) has earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company.

Several equities research analysts have recently issued reports on ENGIY shares. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a research report on Thursday. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Sanford C. Bernstein cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Citigroup reissued a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. Finally, Kepler Capital Markets raised shares of ENGIE to a “strong-buy” rating in a research report on Thursday, March 19th.

ENGIE Price Performance

ENGIE stock opened at $30.79 on Friday. The company has a fifty day simple moving average of $32.18 and a 200-day simple moving average of $30.34. ENGIE has a 12-month low of $20.18 and a 12-month high of $35.16. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06.

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.