Eiffage (OTCMKTS:EFGSY) Shares Gap Down – Here’s What Happened

Eiffage SA (OTCMKTS:EFGSY) gapped down prior to trading on Tuesday. The stock had previously closed at $25.0634, but opened at $23.28. Eiffage shares last traded at $23.32, with a volume of 986 shares traded.

Analysts Set New Price Targets

Several research firms recently weighed in on EFGSY. Morgan Stanley reaffirmed an “overweight” rating on shares of Eiffage in a research report on Tuesday, September 22nd. Zacks Research cut shares of Eiffage from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Eiffage Stock Performance

The company has a 50 day simple moving average of $26.66 and a 200 day simple moving average of $29.17.

About Eiffage

Eiffage is a France-based construction and infrastructure group that operates through contracting and concessions businesses. Its activities include building construction, civil engineering, road and transport infrastructure, rail systems, metal construction, and energy and electrical services.

Through its concessions operations, Eiffage develops, finances, operates and maintains infrastructure assets under long-term agreements. These activities include motorways, airports and other public infrastructure, complementing the company’s construction and maintenance services.

Eiffage traces its modern corporate history to the 1992 merger of Fougerolle and Société Auxiliaire d’Entreprises (SAE), although its operating companies have roots dating back much further.