Engie (OTCMKTS:ENGIY – Get Rating) had its price objective decreased by Societe Generale from €18.30 ($18.67) to €18.20 ($18.57) in a report published on Wednesday morning, The Fly reports.
Several other brokerages have also recently issued reports on ENGIY. Barclays raised their price objective on Engie from €17.50 ($17.86) to €18.00 ($18.37) in a research note on Tuesday, September 20th. HSBC upgraded Engie from a hold rating to a buy rating in a research note on Tuesday, May 31st. Finally, JPMorgan Chase & Co. raised their price objective on Engie from €19.50 ($19.90) to €24.50 ($25.00) in a research note on Monday, August 22nd. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average target price of $18.44.
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Shares of OTCMKTS ENGIY opened at $11.88 on Wednesday. Engie has a fifty-two week low of $10.43 and a fifty-two week high of $16.78. 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 business has a 50-day simple moving average of $12.57 and a two-hundred day simple moving average of $12.49.
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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