Costain Group (LON:COST) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Costain Group PLC (LON:COST) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 174.34 and traded as high as GBX 196.80. Costain Group shares last traded at GBX 191.20, with a volume of 7,065,046 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price objective on shares of Costain Group from GBX 210 to GBX 240 and gave the company 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 given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 190.

Costain Group Price Performance

The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68. The firm’s 50 day simple moving average is GBX 190.39 and its 200-day simple moving average is GBX 174.34. The stock has a market capitalization of £516.11 million, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

Costain Group (LON:COST) last issued 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%. Equities analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

Insider Buying and Selling at Costain Group

In other Costain Group news, insider Fiona MacAulay purchased 4,169 shares of the stock in a transaction on Wednesday, April 29th. The shares were purchased at an average cost of GBX 179 per share, for a total transaction of £7,462.51. Also, insider Helen Willis sold 253,793 shares of the business’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of GBX 197, for a total transaction of £499,972.21. 47.97% of the stock is currently owned by insiders.

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.