Costain Group (LON:COST) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Costain Group PLC (LON:COST)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 201.62 and traded as high as GBX 230. Costain Group shares last traded at GBX 226.50, with a volume of 1,512,039 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lifted their price target on Costain Group from GBX 240 to GBX 275 and gave the company a “buy” rating in a research report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 227.50.

Costain Group Stock Up 3.1%

The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 12.61. The stock has a 50-day simple moving average of GBX 218.90 and a two-hundred day simple moving average of GBX 201.85. The firm has a market cap of £603.93 million, a PE ratio of 16.39, a P/E/G ratio of 1.63 and a beta of 0.89.

Costain Group (LON:COST) last announced its quarterly earnings data on Thursday, August 13th. The company reported GBX 5.70 EPS for the quarter. Costain Group had a return on equity of 14.73% and a net margin of 3.57%. Analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insider Buying and Selling at Costain Group

In other Costain Group news, insider Alex Vaughan sold 415,015 shares of Costain Group stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of GBX 206, for a total transaction of £854,930.90. Also, insider Helen Willis sold 344,645 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of GBX 201, for a total transaction of £692,736.45. Company insiders own 49.35% of the company’s stock.

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.