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

Eiffage SA (OTCMKTS:EFGSY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $29.5570, but opened at $27.1030. Eiffage shares last traded at $27.7670, with a volume of 1,180 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Zacks Research upgraded shares of Eiffage from a “hold” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group lowered shares of Eiffage from a “buy” rating to a “neutral” rating in a research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Eiffage presently has a consensus rating of “Buy”.

Eiffage Trading Up 3.4%

The firm has a market cap of $13.51 billion and a P/E ratio of 56.03. The business’s fifty day simple moving average is $29.90 and its 200-day simple moving average is $30.73.

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.