Engie Sa (OTCMKTS:ENGIY) Receives Average Rating of “Buy” from Brokerages

Shares of Engie Sa (OTCMKTS:ENGIY – Get Rating) have been given a consensus recommendation of “Buy” by the nine analysts that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.33.

ENGIY has been the subject of several analyst reports. Barclays increased their price target on shares of Engie from €17.00 ($18.28) to €17.50 ($18.82) and gave the company an “overweight” rating in a research report on Wednesday, May 18th. Morgan Stanley dropped their price target on shares of Engie from €18.00 ($19.35) to €16.00 ($17.20) and set an “overweight” rating for the company in a research report on Friday, April 29th. HSBC raised shares of Engie from a “hold” rating to a “buy” rating in a research report on Tuesday, May 31st. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Engie from €14.00 ($15.05) to €15.50 ($16.67) and gave the company a “buy” rating in a research report on Wednesday, May 18th.

Shares of ENGIY opened at $12.87 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.14 and a quick ratio of 1.07. The firm has a fifty day simple moving average of $12.70 and a two-hundred day simple moving average of $13.96. Engie has a twelve month low of $10.77 and a twelve month high of $16.78.

The business also recently announced a dividend, which was paid on Wednesday, May 4th. Stockholders of record on Tuesday, April 26th were given a $0.7631 dividend. The ex-dividend date was Monday, April 25th. This represents a dividend yield of 9.96%.

About Engie (Get Rating)

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, Thermal, Supply, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, biomass, offshore wind, and geothermal.

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