Costain Group (LON:COST) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Costain Group PLC (LON:COSTGet Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 177.86 and traded as high as GBX 192.60. Costain Group shares last traded at GBX 192.60, with a volume of 1,453,074 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 240 price objective on shares of Costain Group in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Costain Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 190.

Read Our Latest Stock Report on Costain Group

Costain Group Price Performance

The company’s 50-day moving average is GBX 191.21 and its 200 day moving average is GBX 178.48. The company has a market capitalization of £504.78 million, a PE ratio of 13.80, a P/E/G ratio of 1.63 and a beta of 0.89. The company has a debt-to-equity ratio of 9.68, a quick ratio of 1.32 and a current ratio of 1.44.

Costain Group (LON:COSTGet Free Report) last announced its quarterly earnings data on Tuesday, March 10th. The company reported GBX 14.50 EPS for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. As a group, analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current year.

Insider Activity

In related news, insider Fiona MacAulay bought 4,169 shares of the stock in a transaction on Wednesday, April 29th. The shares were acquired at an average price of GBX 179 per share, for a total transaction of £7,462.51. Also, insider Helen Willis sold 253,793 shares of the company’s stock in a transaction dated 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 currently owned by corporate insiders.

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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