Engie (OTCMKTS:ENGIY) Shares Cross Below Fifty Day Moving Average – Should You Sell?

Engie SA (OTCMKTS:ENGIY) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $17.39 and traded as low as $16.79. Engie shares last traded at $16.93, with a volume of 102,887 shares traded.

Analysts Set New Price Targets

Several brokerages recently weighed in on ENGIY. Sanford C. Bernstein assumed coverage on Engie in a research note on Wednesday, October 2nd. They set an “outperform” rating for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Engie in a research report on Wednesday, October 2nd. They set a “hold” rating for the company. Finally, Bank of America raised shares of Engie from an “underperform” rating to a “neutral” rating in a research note on Wednesday, October 2nd.

Engie Stock Down 1.1 %

The stock has a fifty day moving average of $17.39 and a 200-day moving average of $16.56.

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.