Eiffage (OTCMKTS:EFGSY) Reaches New 12-Month Low – Here’s Why

Eiffage SA (OTCMKTS:EFGSY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $23.6430 and last traded at $23.6430, with a volume of 821 shares traded. The stock had previously closed at $24.99.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Zacks Research lowered shares of Eiffage from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Eiffage in a research note on Tuesday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Eiffage has a consensus rating of “Hold”.

Eiffage Price Performance

The company has a 50 day moving average price of $26.86 and a 200 day moving average price of $29.32.

Eiffage Company Profile

Eiffage is a France-based construction and infrastructure group that operates through contracting and concessions businesses. Its activities include building construction, civil engineering, road and transport infrastructure, rail systems, metal construction, and energy and electrical services.

Through its concessions operations, Eiffage develops, finances, operates and maintains infrastructure assets under long-term agreements. These activities include motorways, airports and other public infrastructure, complementing the company’s construction and maintenance services.

Eiffage traces its modern corporate history to the 1992 merger of Fougerolle and Société Auxiliaire d’Entreprises (SAE), although its operating companies have roots dating back much further.