Costain Group (LON:COST) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Costain Group PLC (LON:COST) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 93.40 ($1.17) and traded as high as GBX 103 ($1.29). Costain Group shares last traded at GBX 101.50 ($1.27), with a volume of 670,701 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costain Group from GBX 80 ($1.00) to GBX 105 ($1.32) and gave the company a “hold” rating in a research report on Friday, August 23rd.

Costain Group Stock Up 3.0 %

The firm has a market capitalization of £281.85 million, a P/E ratio of 940.91, a PEG ratio of 1.63 and a beta of 2.64. The firm’s 50-day moving average is GBX 103 and its 200 day moving average is GBX 93.44. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40.

Insider Buying and Selling at Costain Group

In other news, insider Helen Willis sold 234,555 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of GBX 107 ($1.34), for a total transaction of £250,973.85 ($314,621.85). Company insiders own 6.43% of the company’s stock.

About Costain Group

Costain Group PLC provides smart infrastructure solutions for the transportation, energy, water, and defense markets in the United Kingdom. The company operates through two segments, Transportation and Natural Resources. The Transportation segment operates in the road, rail, and integrated transport markets.