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

Shares of Costain Group PLC (LON:COST) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 144.51 and traded as high as GBX 157.80. Costain Group shares last traded at GBX 157, with a volume of 4,555,582 shares changing hands.

Analyst Upgrades and Downgrades

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

Costain Group Trading Up 1.3%

The firm’s 50 day simple moving average is GBX 149.67 and its 200-day simple moving average is GBX 144.51. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86. The company has a market capitalization of £418.74 million, a PE ratio of 13.65, a P/E/G ratio of 1.63 and a beta of 2.64.

About Costain Group

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.