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

Costain Group PLC (LON:COST)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 175.95 and traded as high as GBX 199.80. Costain Group shares last traded at GBX 195, with a volume of 3,567,062 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Costain Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Price Performance

The company has a market capitalization of £523.09 million, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.63 and a beta of 0.88. The company has a debt-to-equity ratio of 9.68, a quick ratio of 1.32 and a current ratio of 1.44. The business has a 50 day moving average price of GBX 190.24 and a 200-day moving average price of GBX 175.95.

Costain Group (LON:COST) last issued its 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%. Research analysts predict that Costain Group PLC will post 13.7551582 EPS for the current fiscal year.

Insider Transactions at Costain Group

In related news, insider Helen Willis sold 253,793 shares of the business’s 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 bought 4,169 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average cost 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.