Eiffage (OTCMKTS:EFGSY) Sets New 12-Month Low – Should You Sell?

Eiffage SA (OTCMKTS:EFGSY) shares hit a new 52-week low on Wednesday. The company traded as low as $23.1550 and last traded at $24.05, with a volume of 9683 shares changing hands. The stock had previously closed at $25.0634.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Zacks Research cut shares of Eiffage from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 2nd. Morgan Stanley restated an “overweight” rating on shares of Eiffage in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Eiffage has an average rating of “Hold”.

Eiffage Stock Down 4.2%

The stock has a fifty day moving average of $26.36 and a 200-day moving average of $29.00.

About Eiffage

Eiffage is a France-based construction and infrastructure group that operates across construction, civil engineering, energy systems and concessions. The company develops and delivers buildings, transport infrastructure, industrial facilities and energy-related projects for public- and private-sector customers.

Its construction and civil engineering activities include the design and development of roads, railways, bridges, tunnels, airports, commercial buildings and other major infrastructure.