Costain Group (LON:COST) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Costain Group PLC (LON:COST)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 177.86 and traded as high as GBX 192.60. Costain Group shares last traded at GBX 192.60, with a volume of 1,453,074 shares traded.

Analysts Set New Price Targets

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

Costain Group Trading Up 3.1%

The stock has a 50-day simple moving average of GBX 190.93 and a 200 day simple moving average of GBX 177.86. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68. The company has a market cap of £514.77 million, a price-to-earnings ratio of 14.07, a PEG ratio of 1.63 and a beta of 0.89.

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

Insider Transactions at Costain Group

In other Costain Group news, insider Helen Willis sold 253,793 shares of Costain Group stock in a transaction dated 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 acquired 4,169 shares of Costain Group stock in a transaction on Wednesday, April 29th. The shares were bought at an average price of GBX 179 per share, with a total value of £7,462.51. Insiders own 47.97% of the company’s stock.

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.