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

Shares of Eiffage SA (OTCMKTS:EFGSY) gapped down prior to trading on Friday . The stock had previously closed at $28.75, but opened at $27.3040. Eiffage shares last traded at $27.3040, with a volume of 246 shares changing hands.

Analysts Set New Price Targets

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

Eiffage Stock Performance

The company’s fifty day moving average is $28.72 and its 200-day moving average is $30.57.

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.