Costain Group (LON:COST) Stock Breaks Above 200 Day Moving Average – Here’s What Happened

Costain Group PLC (LON:COST) shares passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 212.98 and traded as high as GBX 254.50. Costain Group shares last traded at GBX 253, with a volume of 2,546,705 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price objective on Costain Group from GBX 240 to GBX 275 and gave the company a “buy” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 275.

Costain Group Stock Performance

The firm has a market cap of £663.68 million, a price-to-earnings ratio of 18.07, a P/E/G ratio of 1.63 and a beta of 0.83. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 12.61. The stock has a 50 day moving average of GBX 237.91 and a 200 day moving average of GBX 212.98.

Costain Group (LON:COST) last announced its quarterly earnings data on Thursday, August 13th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.73%. As a group, analysts anticipate that Costain Group PLC will post 13.76 EPS for the current fiscal year.

Insider Transactions at Costain Group

In related news, insider Anthony (Tony) James Quinlan acquired 5,692 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was acquired at an average price of GBX 262 per share, with a total value of £14,913.04. 49.36% of the stock is currently owned by corporate insiders.

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.