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

Costain Group PLC (LON:COST) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 192.97 and traded as high as GBX 215.25. Costain Group shares last traded at GBX 212, with a volume of 4,951,159 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 240 target price on shares of Costain Group in a report on Wednesday, July 15th. 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 has a consensus rating of “Moderate Buy” and an average price target of GBX 190.

Costain Group Stock Up 0.7%

The firm has a 50 day moving average of GBX 206.23 and a 200 day moving average of GBX 193.34. The firm has a market cap of £573.64 million, a price-to-earnings ratio of 15.73, a PEG ratio of 1.63 and a beta of 0.89. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 9.68.

Insiders Place Their Bets

In other Costain Group news, insider Alex Vaughan sold 415,015 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of GBX 206, for a total transaction of £854,930.90. Also, insider Amanda Fisher acquired 1,953 shares of Costain Group stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of GBX 204 per share, with a total value of £3,984.12. Company insiders own 48.83% of the company’s stock.

About Costain Group

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.