Costain Group (LON:COST) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Costain Group PLC (LON:COST) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 198.16 and traded as high as GBX 232. Costain Group shares last traded at GBX 225.50, with a volume of 1,095,411 shares trading hands.

Wall Street Analyst Weigh In

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

Costain Group Stock Performance

The company has a debt-to-equity ratio of 12.61, a quick ratio of 1.32 and a current ratio of 1.40. The company has a market capitalization of £615.41 million, a PE ratio of 16.97, a PEG ratio of 1.63 and a beta of 0.88. The company has a 50 day moving average price of GBX 214.58 and a 200 day moving average price of GBX 198.51.

Costain Group (LON:COST) last posted its quarterly earnings results on Thursday, August 13th. The company reported GBX 5.70 EPS for the quarter. Costain Group had a return on equity of 14.73% and a net margin of 3.57%. Equities analysts forecast that Costain Group PLC will post 13.7551582 EPS for the current year.

Insider Transactions at Costain Group

In related news, insider Helen Willis sold 344,645 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of GBX 201, for a total value of £692,736.45. Also, insider Amanda Fisher purchased 1,953 shares of Costain Group stock in a transaction on Tuesday, June 23rd. The shares were acquired at an average price of GBX 204 per share, with a total value of £3,984.12. Insiders own 49.10% of the company’s stock.

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.