Costain Group (LON:COST) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Costain Group PLC (LON:COST)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 171.27 and traded as high as GBX 199. Costain Group shares last traded at GBX 195.60, with a volume of 72,677,406 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price objective on Costain Group from GBX 210 to GBX 240 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Stock Down 0.8%

The company has a debt-to-equity ratio of 9.68, a current ratio of 1.44 and a quick ratio of 1.32. The business has a 50 day simple moving average of GBX 187.59 and a 200 day simple moving average of GBX 171.27. The company has a market capitalization of £520.94 million, a price-to-earnings ratio of 14.18, a PEG ratio of 1.63 and a beta of 0.91.

Costain Group (LON:COST) last released its quarterly earnings results on Tuesday, March 10th. The company reported GBX 14.50 EPS for the quarter. Costain Group had a return on equity of 14.87% and a net margin of 3.57%. As a group, equities analysts predict that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Fiona MacAulay purchased 4,169 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were bought at an average cost of GBX 179 per share, for a total transaction of £7,462.51. Also, insider Helen Willis sold 253,793 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of GBX 197, for a total value of £499,972.21. 47.97% of the stock is owned by corporate insiders.

About Costain Group

Costain improves people’s lives by creating connected, sustainable infrastructure that enables people and the planet to thrive. Through the delivery of predictable, best-in-class solutions across the transport, water, energy and defence markets, we are creating a sustainable future and securing a more prosperous, resilient and decarbonised UK.

By bringing together our unique mix of construction, consultancy, engineering and digital services, we work strategically with our customers and suppliers to meet critical national needs.