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

Costain Group PLC (LON:COST) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 162.95 and traded as high as GBX 192.80. Costain Group shares last traded at GBX 187.18, with a volume of 26,694,576 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their price target on Costain Group from GBX 210 to GBX 240 and gave the company a “buy” rating in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Costain Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Price Performance

The stock has a market cap of £499.23 million, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. 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 company’s fifty day simple moving average is GBX 185.50 and its 200-day simple moving average is GBX 162.95.

Costain Group (LON:COST) last released 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, sell-side analysts forecast that Costain Group PLC will post 13.7551582 EPS for the current year.

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.