Costain Group (LON:COST) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Costain Group PLC (LON:COST) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 210.74 and traded as high as GBX 246.50. Costain Group shares last traded at GBX 240.50, with a volume of 1,269,235 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on shares of Costain Group from GBX 240 to GBX 275 and gave the company a “buy” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 227.50.

Costain Group Price Performance

The business has a fifty day moving average of GBX 234.62 and a 200-day moving average of GBX 210.95. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 12.61. The firm has a market cap of £632.21 million, a PE ratio of 17.21, a PEG ratio of 1.63 and a beta of 0.89.

Costain Group (LON:COST) last posted its earnings results on Thursday, August 13th. The company reported GBX 5.70 earnings per share for the quarter. Costain Group had a return on equity of 14.73% and a net margin of 3.57%. As a group, research analysts predict that Costain Group PLC will post 13.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Anthony (Tony) James Quinlan bought 5,692 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were acquired at an average price of GBX 262 per share, with a total value of £14,913.04. Company insiders own 49.36% of the company’s stock.

Costain Group Company Profile

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.