Eiffage (OTCMKTS:EFGSY) Trading 6.7% Higher – Here’s Why

Eiffage SA (OTCMKTS:EFGSY) shares traded up 6.7% during trading on Friday . The stock traded as high as $28.5530 and last traded at $28.5530. Approximately 309 shares traded hands during trading, a decline of 87% from the average session volume of 2,433 shares. The stock had previously closed at $26.7510.

Analysts Set New Price Targets

Several research firms have recently weighed in on EFGSY. Morgan Stanley reissued an “overweight” rating on shares of Eiffage in a report on Friday, July 10th. Zacks Research raised shares of Eiffage from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, The Goldman Sachs Group downgraded 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 issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Eiffage Stock Performance

The company has a 50-day moving average of $28.78 and a 200-day moving average of $30.62. The stock has a market cap of $14.15 billion and a price-to-earnings ratio of 56.03.

Eiffage Company Profile

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.