Costain Group (LON:COST) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Costain Group PLC (LON:COST) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 149.38 and traded as high as GBX 163.51. Costain Group shares last traded at GBX 160.17, with a volume of 1,561,891 shares.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reissued 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 168.33.

Costain Group Trading Up 0.9%

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 firm has a market cap of £430.48 million, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The stock has a 50-day simple moving average of GBX 155.33 and a two-hundred day simple moving average of GBX 149.38.

Insiders Place Their Bets

In other news, insider Fiona MacAulay purchased 6,347 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of GBX 157 per share, for a total transaction 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.