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

Costain Group PLC (LON:COST) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank lifted their price objective 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 equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 190.

Costain Group Price Performance

The stock has a 50 day simple moving average of GBX 190.93 and a two-hundred day simple moving average of GBX 177.86. The firm has a market cap of £514.77 million, a PE ratio of 14.07, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. 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 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 return on equity of 14.87% and a net margin of 3.57%. Sell-side analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insider Activity

In related 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 value of £499,972.21. Also, insider Fiona MacAulay purchased 4,169 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was acquired at an average price of GBX 179 per share, with a total value 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.