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

Eiffage SA (OTCMKTS:EFGSY) gapped up before the market opened on Friday. The stock had previously closed at $22.04, but opened at $23.2750. Eiffage shares last traded at $22.58, with a volume of 328 shares.

Analysts Set New Price Targets

Several brokerages have weighed in on EFGSY. Morgan Stanley reaffirmed an “overweight” rating on shares of Eiffage in a research note on Tuesday, September 22nd. Zacks Research downgraded Eiffage from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Eiffage has an average rating of “Hold”.

Eiffage Stock Up 6.4%

The firm’s fifty day simple moving average is $26.36 and its 200 day simple moving average is $29.00.

Eiffage Company Profile

Eiffage is a France-based construction and infrastructure group that operates across construction, civil engineering, energy systems and concessions. The company develops and delivers buildings, transport infrastructure, industrial facilities and energy-related projects for public- and private-sector customers.

Its construction and civil engineering activities include the design and development of roads, railways, bridges, tunnels, airports, commercial buildings and other major infrastructure.