Costain Group (LON:COST) Shares Cross Above 200 Day Moving Average - Should You Sell?

Key Points

• Costain's stock crossed above its 200-day moving average (200‑day MA GBX 171.27), trading as high as GBX 199 and last at GBX 195.60 on volume of 72,677,406 shares — a potential technical bullish signal.
• Berenberg raised its target to GBX 240 (from GBX 210) and gave a "buy" rating; the consensus is a "Moderate Buy" with an average price target of GBX 190, suggesting analyst upside.
• Insider activity was mixed—Helen Willis sold 253,793 shares at GBX 197 while Fiona MacAulay bought 4,169 shares at GBX 179—and insiders collectively own 47.97% of the company.

Costain Group PLC (LON:COST - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 171.27 and traded as high as GBX 199. Costain Group shares last traded at GBX 195.60, with a volume of 72,677,406 shares.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their target price on shares of Costain Group from GBX 210 to GBX 240 and gave the stock a "buy" rating in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 190.

Costain Group Stock Performance

The firm's 50-day moving average price is GBX 187.59 and its two-hundred day moving average price is GBX 171.27. The firm has a market capitalization of £529.53 million, a PE ratio of 14.41, a P/E/G ratio of 1.63 and a beta of 0.91. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 9.68.

Costain Group (LON:COST - Get Free Report) last released its earnings results on Tuesday, March 10th. The company reported GBX 14.50 earnings per share for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. As a group, research analysts predict that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

Insider Activity at Costain Group

In related news, insider Helen Willis sold 253,793 shares of the firm's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of GBX 197, for a total transaction of £499,972.21. Also, insider Fiona MacAulay purchased 4,169 shares of the firm's stock in a transaction that occurred on Wednesday, April 29th. The shares were bought at an average price of GBX 179 per share, with a total value of £7,462.51. Company insiders own 47.97% 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.

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