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

Eiffage SA (OTCMKTS:EFGSY)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $29.5860, but opened at $27.9750. Eiffage shares last traded at $27.9750, with a volume of 706 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group cut Eiffage from a “buy” rating to a “neutral” rating in a research note on Thursday, May 21st. Morgan Stanley restated an “overweight” rating on shares of Eiffage in a research report on Friday, July 10th. Finally, Zacks Research downgraded Eiffage from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Eiffage Price Performance

The company’s 50-day simple moving average is $28.82 and its 200-day simple moving average 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.