Costain Group (LON:COST) Shares Cross Above 200-Day Moving Average – Should You Sell?

Costain Group PLC (LON:COST) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 150.04 and traded as high as GBX 166.40. Costain Group shares last traded at GBX 165, with a volume of 3,274,314 shares changing hands.

Wall Street Analyst Weigh In

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 180 target price on shares of Costain Group in a report on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 168.33.

Costain Group Price Performance

The firm has a market capitalization of £431.62 million, a PE ratio of 14.07, a P/E/G ratio of 1.63 and a beta of 2.64. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 9.86. The company has a fifty day moving average price of GBX 156.83 and a two-hundred day moving average price of GBX 150.14.

Insiders Place Their Bets

In other Costain Group news, insider Fiona MacAulay bought 6,347 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average cost of GBX 157 per share, with a total value of £9,964.79. Corporate insiders own 47.97% of the company’s stock.

About Costain Group

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.