Engie (EPA:ENGI) Stock Crosses Above 200 Day Moving Average of $11.05

Shares of Engie SA (EPA:ENGI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.05 and traded as high as $12.04. Engie shares last traded at $11.96, with a volume of 3,881,547 shares changing hands.

ENGI has been the topic of several research analyst reports. Credit Suisse Group set a €13.50 ($15.88) price objective on Engie and gave the stock a “neutral” rating in a report on Thursday, June 11th. JPMorgan Chase & Co. set a €16.00 ($18.82) price target on Engie and gave the stock a “buy” rating in a research note on Monday, August 31st. Deutsche Bank set a €12.00 ($14.12) price objective on Engie and gave the company a “neutral” rating in a research note on Monday, August 3rd. Morgan Stanley set a €13.00 ($15.29) target price on shares of Engie and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Finally, DZ Bank reiterated a “buy” rating on shares of Engie in a research report on Monday, August 31st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Engie has a consensus rating of “Buy” and a consensus price target of €13.95 ($16.42).

The stock’s fifty day simple moving average is €11.58 and its 200 day simple moving average is €11.05.

About Engie (EPA:ENGI)

ENGIE SA engages in power, natural gas, and energy services businesses. The company operates through North America, Latin America, Africa/Asia, Benelux, France, Europe excluding France & Benelux, Infrastructures Europe, GEM & LNG, and Other segments. It engages in the generation and sale of power through nuclear, thermal, solar, wind, biogas, and biomass resources; and seawater desalination activities, as well as offers engineering services in the areas of energy, hydraulics, and infrastructure.

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