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

Eiffage SA (OTCMKTS:EFGSY) gapped down prior to trading on Tuesday . The stock had previously closed at $30.07, but opened at $28.3710. Eiffage shares last traded at $29.0344, with a volume of 836 shares trading hands.

Wall Street Analyst Weigh In

EFGSY has been the topic of several research reports. Zacks Research upgraded Eiffage to a “hold” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group lowered Eiffage from a “buy” rating to a “neutral” rating in a report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Eiffage Stock Down 3.4%

The stock has a market cap of $14.23 billion and a price-to-earnings ratio of 56.03. The company’s 50-day moving average is $30.52 and its 200-day moving average is $30.72.

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.