Eiffage (OTCMKTS:EFGSY) Sees Strong Trading Volume – Still a Buy?

Eiffage SA (OTCMKTS:EFGSY) saw unusually-strong trading volume on Wednesday . 165,364 shares were traded during trading, an increase of 6,813% from the previous session’s volume of 2,392 shares.The stock last traded at $28.03 and had previously closed at $28.08.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EFGSY. Morgan Stanley reiterated an “overweight” rating on shares of Eiffage in a research note on Friday, July 10th. Zacks Research lowered shares of Eiffage from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 4th. Finally, The Goldman Sachs Group cut shares of Eiffage from a “buy” rating to a “neutral” rating in a report on Thursday, May 21st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Eiffage presently has an average rating of “Moderate Buy”.

Eiffage Trading Down 0.2%

The firm’s 50 day moving average price is $28.78 and its two-hundred day moving average price is $30.67.

About Eiffage

Eiffage SA, traded over the counter under the symbol EFGSY, is a leading French construction and concessions group that offers a wide range of engineering and infrastructure services. The company’s core activities span civil engineering, metalworks, building construction and renovation, roadworks, and energy services. Through its integrated business model, Eiffage delivers turnkey solutions for public and private clients, from project financing and design to construction and long-term asset management.

In its concessions division, Eiffage invests in, finances and operates major transport and energy infrastructure assets such as motorways, tunnels and power distribution networks under public–private partnership arrangements.