ENGIE (OTCMKTS:ENGIY) Sees Strong Trading Volume – Still a Buy?

ENGIE – Sponsored ADR (OTCMKTS:ENGIY) shares saw strong trading volume on Friday . 995,829 shares traded hands during trading, an increase of 647% from the previous session’s volume of 133,342 shares.The stock last traded at $29.73 and had previously closed at $29.81.

Analysts Set New Price Targets

A number of research firms have recently commented on ENGIY. Berenberg Bank upgraded ENGIE to a “hold” rating in a research report on Wednesday, January 21st. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a report on Friday, November 14th. Citigroup reaffirmed a “buy” rating on shares of ENGIE in a research note on Wednesday, December 3rd. Barclays reissued an “overweight” rating on shares of ENGIE in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada began coverage on shares of ENGIE in a research report on Tuesday, November 25th. They set an “outperform” rating for the company. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

ENGIE Price Performance

The company has a quick ratio of 1.00, a current ratio of 1.06 and a debt-to-equity ratio of 1.09. The business has a 50 day simple moving average of $26.65 and a 200-day simple moving average of $23.91.

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.