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

Shares of Costain Group PLC (LON:COST) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 162.95 and traded as high as GBX 192.80. Costain Group shares last traded at GBX 187.18, with a volume of 26,694,576 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their target price on Costain Group from GBX 210 to GBX 240 and gave the stock a “buy” rating in a 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Stock Down 1.3%

The firm has a market cap of £499.23 million, a price-to-earnings ratio of 16.28, a PEG ratio of 1.63 and a beta of 0.96. The business’s 50-day moving average is GBX 185.50 and its 200-day moving average is GBX 162.95. The company has a debt-to-equity ratio of 9.68, a quick ratio of 1.32 and a current ratio of 1.44.

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 net margin of 3.57% and a return on equity of 14.87%. On average, equities analysts predict that Costain Group PLC will post 13.7551582 EPS for the current year.

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.