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

Costain Group PLC (LON:COST) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 155.12 and traded as high as GBX 179.40. Costain Group shares last traded at GBX 177.54, with a volume of 713,256 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank increased their price target on shares of Costain Group from GBX 190 to GBX 210 and gave the company a “buy” rating in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Costain Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 180.

Costain Group Stock Performance

The firm has a market cap of £467.28 million, a price-to-earnings ratio of 15.23, a P/E/G ratio of 1.63 and a beta of 0.95. The company has a debt-to-equity ratio of 9.57, a current ratio of 1.41 and a quick ratio of 1.32. The firm has a fifty day simple moving average of GBX 174.25 and a two-hundred day simple moving average of GBX 155.12.

Insiders Place Their Bets

In related news, insider Fiona MacAulay purchased 6,347 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were acquired at an average price of GBX 157 per share, for a total transaction of £9,964.79. Corporate insiders own 47.97% 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.