Eiffage S.A.

Eiffage is a construction and concessions group. Co.'s operations are organized into five divisions. The Concessions and PPPs division is engaged in construction and operating of infrastructures under concessions and public private partnerships. Through the Construction division, Co. is engaged in building design and construction, property development and building maintenance. Through the Public works division, Co. is engaged in civil engineering, road construction, infrastructure maintenance and material production. The Energy division specializes in electrical contracting and air conditioning. Through the Metal division, Co. is engaged in metallic construction and services to industry.
  • TickerFGR
  • ISINFR0000130452
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance

Analysts

Laurent ALBIE

Analyse court terme - EIFFAGE : Le support majeur est proche.

Lors de notre dernière analyse court terme (14/10/2016), nous avions opté pour un avis positif. Nous restons positif avec un objectif à 70 € et un niveau d'invalidation à 64,4 €. Les prix sont proches de supports et peuvent rebondir. Arguments : - Le support majeur est proche....

Laurent ALBIE

Short term view - EIFFAGE : The major support is close.

In our previous short term analysis (14/10/2016), we were positive. We remain positive with a target at 70 € and an invalidation level at 64,4 €. Prices are close to a support evel, they may bounce. Arguments : - The major support is close. - The moving average is...

Valérie GASTALDY

Analyse moyen terme - EIFFAGE : Le support majeur est atteint.

La tendance est momentanément interrompue par une correction sur l'horizon de temps inférieur, mais les prix restent au-dessus du seuil d'invalidation à 59,05 €. Elle peut donc rependre à tout moment vers l'objectif à 71,49 €.Arguments :- Le support majeur est atteint.- Le...

Valérie GASTALDY

Medium term view - EIFFAGE : The major support has been reached.

The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at €59.05. It can resume at anytime towards the target at €71.49.Arguments :- The major support has been reached.- The 38% retracement is close.-...

Laurent ALBIE

Short term view - EIFFAGE : The major support has been breached.

In our previous short term analysis (11/11/2016), we were neutral. We remain neutral. Prices are too distant from the trend's invalidation level to change our opinon. We are waiting for a better opportunity. Arguments : - The major support has been breached.

Eric Lemarie

Solid and safe in difficult times

On the back of a more complicated stock market environment, we chose to favour Eiffage, an attractive combination of visibility with the concession arm and growth with the construction arm. Whereas the concessions benefit from higher inflation combined with flattish govt bond yields, the construction branch is well positioned to enjoy the steady cycle in France, in particular in the infrastructures area. Besides, key current risks (trade wars, currencies) hardly concern Eiffage.

Bruno de La Rochebrochard ...
  • Eric Lemarie
  • Olivier Pauchaut
  • Pierre-Antoine Chazal
  • Xavier Caroen

TOP PICKS Q3 2018: CRH, EIFFAGE, FAURECIA, VEOLIA, VINCI

TOP PICKS Q3 2018: CRH, EIFFAGE, FAURECIA, VEOLIA, VINCI

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : APRR - strong increase in traffic in Q2 2018

>Strong increase in Q2 (French train strike): +4.5% vs +3.4% est. H1 2018: +4.6% (vs FY 2018: +1.6% est.). - Q2 2018 traffic: +4.5% (light vehicles +4.3%, HGVs +6.3%) vs +3.4% est. The price-mix effect worked out at 2.5% over the quarter. This favourable performance is attributable to the holiday weekends in France (1, 8 and 10 May) and the strikes by French national rail operator SNCF (which prompted passengers to travel via motorway rather than rail). HGV trends con...

Sven Edelfelt ...
  • Virginie Rousseau

Eiffage : APRR, forte hausse du trafic au T2 2018

>Forte hausse au T2 (grèves SNCF) : +4.5% vs +3,4%e. S1 2018 : +4.6% (vs 2018 : +1.6%e). - Trafic T2 2018 : +4.5% (VL +4.3%, PL +6.3%) vs +3.4%e. L’effet prix-mix ressort à 2,5% sur le trimestre. Cette bonne performance s’explique par les longs week-ends en France (1er, 8 et 10 mai) et "grâce" aux grèves de la SNCF (report de trafic passagers sur les autoroutes). Le trafic PL continue d’être solidement orienté. Le marché devrait donc bien accueillir cette publication ...

Eric Lemarie

Eiffage: Steady traffic in Q2 (BUY-TOP PICKS, Fair Value EUR106 vs. EUR105

Brief Comment - Eiffage: (BUY-TOP PICKS, Fair Value EUR106 vs. EUR105 (+12%)) Steady traffic in Q2

Alfred Glaser ...
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Pierre Corby
  • Pierre Tegner
  • Salma Bouraoui
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Thomas Zlowodzki
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 24/07/2018

Alors que chaque semaine apporte de nouveaux risques d’escalade de la guerre commerciale, le marché reste étonnamment résilient et les « refuges » habituels en période de remontée de l’aversion au risque n’évoluent pas dans le sens attendu. La hiérarchie des performances sectorielles relatives envoie, à l’exception de la bonne tenue de la Santé et de l’Agroalimentaire, un message comparable. Trop de complaisance ? Difficile à dire, mais sans doute une bonne raison de plus de colorer d...

Alfred Glaser ...
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Georges Dieng
  • Jean Sassus
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olfa Taamallah
  • Oussema Denguir
  • Pierre Corby
  • Pierre Tegner
  • Salma Bouraoui
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Thomas Zlowodzki
  • Veysel Taze
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/24/2018

Although each passing week sees fresh risks of escalation in the trade war, the market is still surprisingly resilient and the safe havens habitually turned to during periods of mounting risk aversion are not moving in the expected direction. With the exception of the good showing from healthcare and agri-food, the hierarchy of sector performances sends out a similar message. Is this a sign of complacency? It is hard to tell, but it is probably another good reason to give our allocati...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Manuel Martin
  • Olivier Lebrun
  • Sven Edelfelt
  • Thomas Effler
  • Vincent Maulay
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/08/2018

...

Alexandre Iatrides ...
  • Benoit Valleaux
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jerôme Bodin
  • Manuel Martin
  • Olivier Lebrun
  • Sven Edelfelt
  • Thomas Effler
  • Vincent Maulay
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/30/2018

A number of recent indicators in France have disappointed and the upturn in Legrand’s activity there (16% of sales) has not been as robust as hoped, prompting concerns about underlying difficulties. But we think Legrand’s business in France is in line with market trends and, importantly, the group has found alternative sources of growth. We reiterate our Buy recommendation. Cf. report published today. - - ...

Christophe Chaput ...
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Hela Zarrouk
  • Michael Foundoukidis
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 01/10/2018

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Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

EIFFAGE sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of EIFFAGE (FR), a company active in the Heavy Construction industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date August 20, 2019, the closing price was EUR 91.36 and its potential was estimated at EUR 97.60.

MarketLine Department

Eiffage SA – Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report

Summary Construction and Real Estate Key Findings Construction and Real Estate Construction and Real Estate Reasons To Buys MarketLine Key Highlights France

MarketLine Department

Strabag SE - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Strabag SE Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Strabag SE since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights T...

Eric Lemarie

Smart Industries: Top Pick for Q2 2019: Eiffage with upside, visibility & momentum

Smart Industries Top Pick for Q2 2019: Eiffage with upside, visibility & momentum Looking back at Q1 2019: strong start of the year What we see for Q2 2019. We remain cautious on pure cyclicals Conclusion and Top Pick: Eiffage with upside, visibility & momentum

Jehanne Leroy

Etude de l'AG du 19/04/2017

L'un des principaux sujets de cette assemblée générale est la politique de rémunération de M. de Ruffray, Président Directeur général depuis le 18 janvier 2016.Si globalement cette politique semble plutôt acceptable (voir résolution 13), de sérieuses critiques peuvent être formulées sur la rémunération attribuée au titre de 2016 à M. de Ruffray, et ce notamment sur le sujet des actions gratuites qui lui ont été attribuées (voir résolution 10).En effet, si leur valorisation n'est pas excessive, la condition de performance qui leur est attachée permet l'acquisition en cas de significative sous-p...

Jehanne Leroy

Proxy Report - 25/04/2018

The main subject of this AGM is the 2018 remuneration policy of the Chairman and CEO. It contains a change in the LTI performance conditions. Previously, there was only 1 performance condition (the company’s share price) and it was allowing vesting in case of underperformance. The new plan for 2018 will comprise 3 performance conditions (absolute performance of the company’s EPS and absolute and relative performances of the company’s shares price). And the EPS criterion (which weights for 50% of the plan) does not allow vesting in case of underperformance. This improvement is the main reason ...

Jehanne Leroy

Proxy Report - 25/04/2018

Le principal sujet de cette assemblée générale concerne la politique de rémunération 2018 du Président Directeur Général. En effet, la société propose de modifier les conditions de performance attachées aux actions de performance. Jusqu'à présent, une seule condition de performance déterminait le nombre d'actions finalement acquises. Cette condition de performance (performance du cours sur une période de 3 ans) permettait l'acquisition en cas de sous performance, ce qui n'était pas acceptable. Les nouvelles conditions de performance sont au nombre de 3 (performance du bénéfice par action et p...

Eiffage – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Eiffage - Assemblée générale des actionnaires du 24 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Laurent ALBIE

Analyse court terme - EIFFAGE : Le support majeur est proche.

Lors de notre dernière analyse court terme (14/10/2016), nous avions opté pour un avis positif. Nous restons positif avec un objectif à 70 € et un niveau d'invalidation à 64,4 €. Les prix sont proches de supports et peuvent rebondir. Arguments : - Le support majeur est proche....

Laurent ALBIE

Short term view - EIFFAGE : The major support is close.

In our previous short term analysis (14/10/2016), we were positive. We remain positive with a target at 70 € and an invalidation level at 64,4 €. Prices are close to a support evel, they may bounce. Arguments : - The major support is close. - The moving average is...

Valérie GASTALDY

Analyse moyen terme - EIFFAGE : Le support majeur est atteint.

La tendance est momentanément interrompue par une correction sur l'horizon de temps inférieur, mais les prix restent au-dessus du seuil d'invalidation à 59,05 €. Elle peut donc rependre à tout moment vers l'objectif à 71,49 €.Arguments :- Le support majeur est atteint.- Le...

Valérie GASTALDY

Medium term view - EIFFAGE : The major support has been reached.

The trend is momentarily interrupted by a consolidation on a shorter time horizon but prices remain above the invalidation level at €59.05. It can resume at anytime towards the target at €71.49.Arguments :- The major support has been reached.- The 38% retracement is close.-...

Laurent ALBIE

Short term view - EIFFAGE : The major support has been breached.

In our previous short term analysis (11/11/2016), we were neutral. We remain neutral. Prices are too distant from the trend's invalidation level to change our opinon. We are waiting for a better opportunity. Arguments : - The major support has been breached.

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