Costain Group (LON:COST) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Costain Group PLC (LON:COST) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 158.46 and traded as high as GBX 202. Costain Group shares last traded at GBX 185.80, with a volume of 592,469 shares changing hands.

Wall Street Analyst Weigh In

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

Costain Group Trading Up 0.1%

The stock has a 50-day moving average of GBX 179.78 and a 200 day moving average of GBX 158.46. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 9.68. The stock has a market cap of £495.56 million, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

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

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.