Costain Group (LON:COST) Share Price Passes Above 200-Day Moving Average – What’s Next?

Costain Group PLC (LON:COST)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 174.34 and traded as high as GBX 196.80. Costain Group shares last traded at GBX 191.20, with a volume of 7,065,046 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank increased their price target on Costain Group from GBX 210 to GBX 240 and gave the company 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 given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 190.

Costain Group Stock Performance

The business has a 50 day simple moving average of GBX 190.19 and a 200 day simple moving average of GBX 174.47. 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 market capitalization of £516.65 million, a PE ratio of 14.06, a PEG ratio of 1.63 and a beta of 0.88.

Costain Group (LON:COST) last released 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%. 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 news, insider Helen Willis sold 253,793 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of GBX 197, for a total value of £499,972.21. Also, insider Fiona MacAulay acquired 4,169 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average cost of GBX 179 per share, for a total transaction of £7,462.51. 47.97% of the stock is currently owned by corporate 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.