Engie (OTCMKTS:ENGIY) Reaches New 1-Year High – Time to Buy?

Engie SA (OTCMKTS:ENGIY)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.66 and last traded at $19.60, with a volume of 1705893 shares traded. The stock had previously closed at $19.50.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ENGIY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Engie in a research report on Monday, March 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Engie in a research note on Tuesday, March 11th.

Engie Stock Performance

The company’s fifty day moving average price is $17.54 and its two-hundred day moving average price is $16.88. The company has a quick ratio of 0.92, a current ratio of 0.99 and a debt-to-equity ratio of 1.09.

Engie Company Profile

ENGIE SA engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, FlexGen, Retail, 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, offshore wind, and geothermal.