Costain Group (LON:COST) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Costain Group's share price has recently crossed above its 200-day moving average of GBX 129.35, reaching a high of GBX 133 during trading.
• Analysts have given the stock a "Moderate Buy" rating with a target price of GBX 162.50, while Berenberg Bank has set a target of GBX 175.
• Insider purchases indicate confidence in the company, with insiders acquiring a total of 35,000 shares worth approximately $4.67 million over the last three months.

Costain Group PLC (LON:COST - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 129.35 ($1.74) and traded as high as GBX 133 ($1.79). Costain Group shares last traded at GBX 128.80 ($1.73), with a volume of 1,748,216 shares.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on COST shares. Berenberg Bank restated a "buy" rating and set a GBX 175 target price on shares of Costain Group in a report on Monday, September 8th. Deutsche Bank Aktiengesellschaft upped their target price on Costain Group from GBX 115 to GBX 150 and gave the stock a "hold" rating in a report on Thursday, August 21st. One equities research analyst has 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, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 162.50.

Costain Group Stock Performance

The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 9.86. The firm has a 50-day moving average of GBX 145.65 and a 200-day moving average of GBX 129.35. The stock has a market capitalization of £341.25 million, a price-to-earnings ratio of 1,113.04, a P/E/G ratio of 1.63 and a beta of 2.64.

Costain Group (LON:COST - Get Free Report) last released its earnings results on Wednesday, August 20th. The company reported GBX 5.50 earnings per share (EPS) for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. As a group, sell-side analysts predict that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insider Buying and Selling at Costain Group

In related news, insider Kate Rock purchased 15,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of GBX 132 per share, with a total value of £19,800. Also, insider Amanda Fisher purchased 10,000 shares of the firm's stock in a transaction on Tuesday, August 26th. The stock was bought at an average cost of GBX 131 per share, with a total value of £13,100. Over the last three months, insiders purchased 35,000 shares of company stock worth $4,670,000. 47.99% of the stock is owned by insiders.

Costain Group Company Profile

Costain helps to improve people's lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK's energy, water, transportation and defence markets.

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