Costain Group (LON:COST) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Costain Group PLC shares have crossed above their 200-day moving average, which currently stands at GBX 130.46 ($1.75), indicating potential positive momentum as the stock trades at GBX 138.40 ($1.86).
• Analysts have raised their target prices for Costain Group, with Deutsche Bank setting a new target of GBX 150 and Berenberg Bank reaching a GBX 175 price objective, reflecting confidence in the company's growth prospects.
• Insider trading activity has been notable, with insiders purchasing a total of 35,000 shares in recent transactions, suggesting a strong belief in the company's future performance.

Costain Group PLC (LON:COST - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 130.46 ($1.75) and traded as high as GBX 139.60 ($1.88). Costain Group shares last traded at GBX 138.40 ($1.86), with a volume of 3,243,080 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on COST shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of Costain Group from GBX 115 to GBX 150 and gave the stock a "hold" rating in a research note on Thursday, August 21st. Berenberg Bank reissued a "buy" rating and set a GBX 175 price objective on shares of Costain Group in a research note on Monday, September 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 162.50.

Costain Group Price Performance

The company's fifty day moving average is GBX 142.84 and its two-hundred day moving average is GBX 130.46. The firm has a market cap of £368.98 million, a price-to-earnings ratio of 1,203.48, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40.

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

Insider Buying and Selling

In other news, insider Kate Rock purchased 15,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were acquired at an average price of GBX 132 per share, for a total transaction of £19,800. Also, insider Amanda Fisher acquired 10,000 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was bought at an average price of GBX 131 per share, for a total transaction of £13,100. Insiders purchased a total of 35,000 shares of company stock worth $4,670,000 over the last quarter. Insiders own 47.99% of the company's stock.

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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