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

Costain Group PLC (LON:COST)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 141.61 and traded as high as GBX 148.20. Costain Group shares last traded at GBX 146.60, with a volume of 968,236 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have commented on COST. Deutsche Bank Aktiengesellschaft lifted their target price on Costain Group from GBX 115 to GBX 150 and gave the stock a “hold” rating in a report on Thursday, August 21st. Peel Hunt reaffirmed a “buy” rating and issued a GBX 180 price objective on shares of Costain Group in a research note on Monday, October 13th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 175 target price on shares of Costain Group in a report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 168.33.

Costain Group Stock Up 1.2%

The stock has a market cap of £391.00 million, a price-to-earnings ratio of 12.75, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The firm’s fifty day moving average price is GBX 144.17 and its two-hundred day moving average price is GBX 141.61. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.40 and a quick ratio of 1.32.

Costain Group (LON:COST) last issued its earnings results on Wednesday, August 20th. The company reported GBX 5.50 EPS for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. Sell-side analysts forecast that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Kate Rock bought 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were bought at an average cost of GBX 132 per share, for a total transaction of £19,800. Also, insider Amanda Fisher purchased 10,000 shares of Costain Group stock in a transaction that occurred on Tuesday, August 26th. The stock was acquired at an average cost of GBX 131 per share, with a total value of £13,100. Company insiders own 47.97% of the company’s stock.

Costain Group Company Profile

Costain helps to improve people’s lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK’s energy, water, transportation and defence markets.