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

Shares of Costain Group PLC (LON:COST) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 171.27 and traded as high as GBX 199. Costain Group shares last traded at GBX 195.60, with a volume of 72,677,406 shares traded.

Analyst Upgrades and Downgrades

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

Costain Group Stock Performance

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 firm has a market capitalization of £529.53 million, a price-to-earnings ratio of 14.41, a PEG ratio of 1.63 and a beta of 0.91. The firm’s fifty day moving average is GBX 187.59 and its 200 day moving average is GBX 171.27.

Costain Group (LON:COST) last posted its 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%. On average, analysts predict that Costain Group PLC will post 13.7551582 EPS for the current fiscal year.

Insider Buying and Selling

In other Costain Group news, insider Fiona MacAulay bought 4,169 shares of Costain Group stock in a transaction on Wednesday, April 29th. The stock was 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 Costain Group stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of GBX 197, for a total transaction of £499,972.21. 47.97% of the stock is 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.