Costain Group (LON:COST) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Costain Group PLC (LON:COST)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 130.46 ($1.75) and traded as high as GBX 139.60 ($1.88). Costain Group shares last traded at GBX 138.40 ($1.86), with a volume of 3,243,080 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 175 target price on shares of Costain Group in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Costain Group from GBX 115 to GBX 150 and gave the company a “hold” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Costain Group presently has an average rating of “Moderate Buy” and an average target price of GBX 162.50.

Costain Group Stock Up 2.4%

The firm has a market cap of £368.98 million, a P/E ratio of 1,203.48, a price-to-earnings-growth 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 firm’s 50 day moving average is GBX 142.84 and its two-hundred day moving average is GBX 130.46.

Costain Group (LON:COST) last released its quarterly earnings results on Wednesday, August 20th. The company reported GBX 5.50 earnings per share for the quarter. Costain Group had a net margin of 2.33% and a return on equity of 13.56%. As a group, research analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current fiscal year.

Insiders Place Their Bets

In other Costain Group news, insider Kate Rock acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average price of GBX 132 per share, with a total value of £19,800. Also, insider Amanda Fisher acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average cost of GBX 131 per share, for a total transaction of £13,100. In the last three months, insiders bought 35,000 shares of company stock worth $4,670,000. 47.99% of the stock is currently owned by insiders.

Costain Group Company Profile

Costain helps to improve people’s lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK’s energy, water, transportation and defence markets.