Costain Group (LON:COST) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Costain Group PLC (LON:COST) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 158.46 and traded as high as GBX 202. Costain Group shares last traded at GBX 185.80, with a volume of 592,469 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their price objective 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Stock Down 0.3%

The firm has a market cap of £485.95 million, a price-to-earnings ratio of 15.84, a PEG ratio of 1.63 and a beta of 0.96. 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 firm has a fifty day moving average price of GBX 180.50 and a 200-day moving average price of GBX 158.94.

Costain Group (LON:COST) last released its 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%. As a group, sell-side analysts forecast that Costain Group PLC will post 13.7551582 EPS for the current year.

About Costain Group

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.