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

Costain Group PLC (LON:COST) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 150.04 and traded as high as GBX 166.40. Costain Group shares last traded at GBX 165, with a volume of 3,274,314 shares trading hands.

Wall Street Analyst Weigh In

Separately, Peel Hunt restated a “buy” rating and set a GBX 180 price objective on shares of Costain Group in a 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 168.33.

Costain Group Stock Down 0.5%

The company has a debt-to-equity ratio of 9.86, a current ratio of 1.40 and a quick ratio of 1.32. The firm has a market cap of £437.95 million, a PE ratio of 14.28, a P/E/G ratio of 1.63 and a beta of 2.64. The business has a fifty day moving average price of GBX 156.60 and a two-hundred day moving average price of GBX 150.04.

Insider Buying and Selling

In other Costain Group news, insider Fiona MacAulay bought 6,347 shares of the stock in a transaction on Wednesday, December 10th. The shares were bought at an average price of GBX 157 per share, with a total value of £9,964.79. 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.