Costain Group (LON:COST) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Costain Group PLC (LON:COST) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 200.09 and traded as high as GBX 230.50. Costain Group shares last traded at GBX 224, with a volume of 635,760 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank upped their price objective on shares of Costain Group from GBX 240 to GBX 275 and gave the stock a “buy” rating in a report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 227.50.

Costain Group Trading Up 1.1%

The company has a market capitalization of £592.91 million, a price-to-earnings ratio of 16.35, a PEG ratio of 1.63 and a beta of 0.88. The firm has a 50-day moving average price of GBX 216.99 and a 200-day moving average price of GBX 200.31. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 12.61.

Costain Group (LON:COST) last posted its quarterly earnings data on Thursday, August 13th. The company reported GBX 5.70 EPS for the quarter. Costain Group had a return on equity of 14.73% and a net margin of 3.57%. As a group, sell-side analysts predict that Costain Group PLC will post 13.7551582 EPS for the current year.

Insiders Place Their Bets

In other Costain Group news, insider Helen Willis sold 344,645 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total value of £692,736.45. Also, insider Alex Vaughan sold 415,015 shares of the firm’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of GBX 206, for a total transaction of £854,930.90. 49.10% of the stock is owned by company 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.