Eiffage (OTCMKTS:EFGSY) Shares Gap Down – What’s Next?

Shares of Eiffage SA (OTCMKTS:EFGSY) gapped down before the market opened on Wednesday . The stock had previously closed at $30.83, but opened at $28.8340. Eiffage shares last traded at $28.8340, with a volume of 292 shares.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on EFGSY shares. Zacks Research raised Eiffage to a “hold” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group cut shares of Eiffage from a “buy” rating to a “neutral” rating in a research note on Thursday. Finally, Morgan Stanley restated an “overweight” rating on shares of Eiffage in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Eiffage has a consensus rating of “Moderate Buy”.

Eiffage Price Performance

The stock has a market cap of $13.48 billion and a P/E ratio of 56.03. The business’s 50 day simple moving average is $31.86 and its 200 day simple moving average is $30.19.

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.