Costain Group (LON:COST) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Costain Group PLC (LON:COST) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 136.31 and traded as high as GBX 155. Costain Group shares last traded at GBX 155, with a volume of 1,888,271 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on COST shares. Peel Hunt reaffirmed a “buy” rating and issued a GBX 180 price objective on shares of Costain Group in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Costain Group from GBX 115 to GBX 150 and gave the company a “hold” rating in a research report on Thursday, August 21st. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 175 price objective on shares of Costain Group in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 168.33.

Costain Group Stock Performance

The company has a market cap of £414.30 million, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86. The stock has a 50 day moving average price of GBX 136.98 and a two-hundred day moving average price of GBX 136.31.

Costain Group (LON:COST) last announced its earnings results on Wednesday, August 20th. The company reported GBX 5.50 earnings per share for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. On average, research analysts predict that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Kate Rock bought 15,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were bought at an average price of GBX 132 per share, for a total transaction of £19,800. Also, insider Amanda Fisher acquired 10,000 shares of the stock in a transaction on Tuesday, August 26th. The shares were bought at an average price of GBX 131 per share, for a total transaction of £13,100. In the last quarter, insiders have bought 35,000 shares of company stock worth $4,670,000. 47.99% of the stock is owned by corporate insiders.

Costain Group Company Profile

Costain helps to improve people’s lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK’s energy, water, transportation and defence markets.