Eiffage (OTCMKTS:EFGSY) Trading Up 6.7% – Still a Buy?

Eiffage SA (OTCMKTS:EFGSY) shares shot 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.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. The Goldman Sachs Group cut Eiffage from a “buy” rating to a “neutral” rating in a research note on Thursday, May 21st. Zacks Research upgraded Eiffage from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Eiffage in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Eiffage Trading Down 0.8%

The company’s 50 day moving average price is $28.77 and its two-hundred day moving average price is $30.63. The stock has a market cap of $13.99 billion and a P/E ratio of 56.03.

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.