Eiffage (OTCMKTS:EFGSY) Reaches New 1-Year Low – Should You Sell?

Eiffage SA (OTCMKTS:EFGSY) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $24.0001 and last traded at $25.0499, with a volume of 492 shares. The stock had previously closed at $25.43.

Wall Street Analysts Forecast Growth

EFGSY has been the subject of several research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Eiffage in a research note on Friday, July 10th. Zacks Research lowered Eiffage from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 2nd. Finally, The Goldman Sachs Group downgraded Eiffage from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Eiffage has a consensus rating of “Hold”.

Eiffage Stock Down 3.6%

The firm’s fifty day moving average price is $27.37 and its 200 day moving average price is $29.83.

Eiffage Company Profile

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.