Costain Group (LON:COST) Shares Pass Above 200 Day Moving Average – What’s Next?

Costain Group PLC (LON:COST) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 175.95 and traded as high as GBX 199.80. Costain Group shares last traded at GBX 195, with a volume of 3,567,062 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank boosted their price objective on Costain Group from GBX 210 to GBX 240 and gave the company a “buy” rating in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Costain Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 190.

Costain Group Stock Performance

The company has a market cap of £523.09 million, a PE ratio of 14.23, a PEG ratio of 1.63 and a beta of 0.88. 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 company has a 50-day moving average of GBX 190.24 and a 200-day moving average of GBX 175.95.

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

Insider Activity at Costain Group

In related news, insider Helen Willis sold 253,793 shares of Costain Group stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of GBX 197, for a total transaction of £499,972.21. Also, insider Fiona MacAulay bought 4,169 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average cost of GBX 179 per share, for a total transaction of £7,462.51. 47.97% of the stock is owned by insiders.

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.