Costain Group (LON:COST) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Costain Group PLC (LON:COST) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 158.46 and traded as high as GBX 202. Costain Group shares last traded at GBX 185.80, with a volume of 592,469 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank raised their price objective on Costain Group from GBX 210 to GBX 240 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Costain Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Trading Up 0.1%

The stock has a market cap of £495.56 million, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 9.68, a current ratio of 1.44 and a quick ratio of 1.32. The company’s fifty day moving average price is GBX 179.78 and its 200-day moving average price is GBX 158.46.

Costain Group (LON:COST) last released its earnings results on Tuesday, March 10th. The company reported GBX 14.50 EPS for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. On average, research analysts expect that Costain Group PLC will post 13.7551582 EPS 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.