Eiffage (OTCMKTS:EFGSY) Shares Gap Up – Here’s What Happened

Eiffage SA (OTCMKTS:EFGSY) gapped up prior to trading on Friday . The stock had previously closed at $26.67, but opened at $28.0160. Eiffage shares last traded at $28.0160, with a volume of 807 shares trading hands.

Analyst Ratings Changes

EFGSY has been the topic of a number of analyst reports. Zacks Research raised shares of Eiffage from a “hold” rating to a “strong-buy” rating in a research note on Monday. The Goldman Sachs Group downgraded shares of Eiffage from a “buy” rating to a “neutral” rating in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Eiffage Price Performance

The firm’s 50 day moving average price is $29.90 and its two-hundred day moving average price is $30.73. The stock has a market cap of $13.68 billion and a PE 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.