Eiffage (OTCMKTS:EFGSY) Reaches New 1-Year Low – Here’s Why

Eiffage SA (OTCMKTS:EFGSY)’s stock price hit a new 52-week low on Thursday. The company traded as low as $23.6430 and last traded at $23.6430, with a volume of 821 shares changing hands. The stock had previously closed at $24.99.

Analysts Set New Price Targets

EFGSY has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating on shares of Eiffage in a research note on Tuesday. Zacks Research downgraded Eiffage from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

Eiffage Stock Up 1.5%

The business has a 50 day simple moving average of $26.72 and a 200-day simple moving average of $29.23.

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.