Costain Group (LON:COST) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

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 160.58 and traded as high as GBX 193.60. Costain Group shares last traded at GBX 192.80, with a volume of 551,010 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank raised their price target 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Costain Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 190.

Costain Group Stock Up 0.7%

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 stock has a market cap of £514.23 million, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The firm’s 50-day moving average is GBX 182.79 and its 200 day moving average is GBX 160.58.

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