Costain Group (LON:COST) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Costain Group PLC (LON:COST)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 162.95 and traded as high as GBX 192.80. Costain Group shares last traded at GBX 187.18, with a volume of 26,694,576 shares traded.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price target on Costain Group from GBX 210 to GBX 240 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 190.

Costain Group Stock Performance

The company’s fifty day simple moving average is GBX 185.50 and its 200 day simple moving average is GBX 163.21. The stock has a market capitalization of £499.23 million, a P/E ratio of 16.28, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68.

Costain Group (LON:COST) last announced its quarterly earnings results on Tuesday, March 10th. The company reported GBX 14.50 earnings per share (EPS) for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. As a group, sell-side analysts forecast that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

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.