ENGIE - Sponsored ADR (OTCMKTS:ENGIY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• ENGIE - Sponsored ADR (OTCMKTS:ENGIY) carries a consensus rating of Moderate Buy from eight analysts, comprising four buys, three holds and one strong buy.
• The stock opened at $33.87, trading near its one-year high of $35.16 (one-year low $19.00) with a 50-day moving average of $31.50 and a 200-day moving average of $27.12.
• ENGIE is a Paris-headquartered multinational energy company active across gas and electricity generation, an expanding renewables portfolio, LNG solutions, energy trading and a range of energy services.

Shares of ENGIE - Sponsored ADR (OTCMKTS:ENGIY - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company.

A number of equities research analysts have commented on ENGIY shares. JPMorgan Chase & Co. downgraded ENGIE from an "overweight" rating to a "neutral" rating in a report on Thursday, February 5th. Barclays reissued an "overweight" rating on shares of ENGIE in a report on Thursday, December 11th. Berenberg Bank raised ENGIE to a "hold" rating in a report on Wednesday, January 21st. Zacks Research downgraded ENGIE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 25th. Finally, Kepler Capital Markets raised ENGIE to a "strong-buy" rating in a report on Thursday, March 19th.

ENGIE Price Performance

ENGIE stock opened at $33.87 on Tuesday. ENGIE has a one year low of $19.00 and a one year high of $35.16. The business has a fifty day moving average of $31.50 and a two-hundred day moving average of $27.12.

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.

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