Costain Group (LON:COST) Shares Pass Above 200-Day Moving Average – Here’s Why

Shares of Costain Group PLC (LON:COSTGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 155.12 and traded as high as GBX 179.40. Costain Group shares last traded at GBX 177.54, with a volume of 713,256 shares.

Wall Street Analysts Forecast Growth

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 report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 180.

Check Out Our Latest Research Report on Costain Group

Costain Group Stock Performance

The company has a market capitalization of £457.84 million, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The business has a 50 day moving average of GBX 174.48 and a 200 day moving average of GBX 155.16. The company has a quick ratio of 1.32, a current ratio of 1.41 and a debt-to-equity ratio of 9.57.

Insider Activity at Costain Group

In other news, insider Fiona MacAulay bought 6,347 shares of the stock in a transaction dated Wednesday, December 10th. The stock was 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.

About Costain Group

(Get Free Report)

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.

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