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

Shares of Costain Group PLC (LON:COST) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 153.27 and traded as high as GBX 189.40. Costain Group shares last traded at GBX 186.75, with a volume of 10,733,805 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price objective on shares of Costain Group from GBX 190 to GBX 210 and gave the company a “buy” rating in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 180.

Costain Group Price Performance

The business has a 50 day simple moving average of GBX 167.60 and a two-hundred day simple moving average of GBX 153.27. The firm has a market capitalization of £498.10 million, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40.

Insider Buying and Selling at Costain Group

In related news, insider Fiona MacAulay acquired 6,347 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average cost of GBX 157 per share, for a total transaction of £9,964.79. Company 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.