Costain Group (LON:COST) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Costain Group PLC (LON:COST)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 148.70 and traded as high as GBX 162.20. Costain Group shares last traded at GBX 162, with a volume of 404,157 shares changing hands.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 180 price target on shares of Costain Group in a research report on Monday, October 13th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 168.33.

Costain Group Stock Up 2.9%

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 business has a 50-day moving average price of GBX 154.38 and a 200-day moving average price of GBX 148.70. The firm has a market capitalization of £432.08 million, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64.

Insider Transactions at Costain Group

In related news, insider Fiona MacAulay bought 6,347 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was purchased at an average price of GBX 157 per share, for a total transaction of £9,964.79. Company insiders own 47.97% of the company’s stock.

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.