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

Shares of ENGIE – Sponsored ADR (OTCMKTS:ENGIY) hit a new 52-week high on Tuesday . The company traded as high as $27.93 and last traded at $27.9050, with a volume of 7491 shares. The stock had previously closed at $27.63.

Analysts Set New Price Targets

ENGIY has been the subject of several recent analyst reports. Citigroup reaffirmed a “buy” rating on shares of ENGIE in a research report on Wednesday, December 3rd. Morgan Stanley restated an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. Barclays reaffirmed an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada initiated coverage on shares of ENGIE in a research report on Tuesday, November 25th. They set an “outperform” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, ENGIE presently has a consensus rating of “Moderate Buy”.

ENGIE Trading Up 1.1%

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.06. The stock’s fifty day simple moving average is $25.98 and its 200-day simple moving average is $23.53.

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.