Costain Group (LON:COST) Shares Pass Above 200 Day Moving Average – Should You Sell?

Costain Group PLC (LON:COST) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 146.14 and traded as high as GBX 160. Costain Group shares last traded at GBX 158.20, with a volume of 458,958 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COST. Berenberg Bank restated a “buy” rating and issued a GBX 175 price objective on shares of Costain Group in a report on Monday, September 8th. Peel Hunt reaffirmed a “buy” rating and set a GBX 180 target price on shares of Costain Group in a report on Monday, October 13th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Costain Group presently has an average rating of “Moderate Buy” and an average price target of GBX 168.33.

Costain Group Trading Down 0.6%

The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The company has a market capitalization of £421.94 million, a P/E ratio of 13.76, a PEG ratio of 1.63 and a beta of 2.64. The company’s fifty day simple moving average is GBX 152.67 and its 200-day simple moving average is GBX 146.14.

Insider Activity

In other Costain Group news, insider Fiona MacAulay acquired 6,347 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of GBX 157 per share, with a total value of £9,964.79. Corporate insiders own 47.97% of the company’s stock.

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.