Engie (OTCMKTS:ENGIY – Get Rating) had its target price dropped by equities researchers at Societe Generale from €18.30 ($18.67) to €18.20 ($18.57) in a report issued on Wednesday, The Fly reports.
A number of other equities analysts have also issued reports on the stock. Barclays increased their target price on shares of Engie from €17.50 ($17.86) to €18.00 ($18.37) in a research report on Tuesday, September 20th. JPMorgan Chase & Co. raised their price objective on shares of Engie from €19.50 ($19.90) to €24.50 ($25.00) in a research report on Monday, August 22nd. Finally, HSBC upgraded shares of Engie from a "hold" rating to a "buy" rating in a research report on Tuesday, May 31st. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $18.44.
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Engie Trading Down 1.3 %
Shares of Engie stock traded down $0.15 during trading on Wednesday, hitting $11.54. 621,416 shares of the stock were exchanged, compared to its average volume of 230,471. The stock's fifty day moving average is $12.57 and its 200 day moving average is $12.50. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.73. Engie has a 12 month low of $10.43 and a 12 month high of $16.78.
About Engie
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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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