Costain Group (LON:COST) Stock Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• Technical breakout: Costain passed above its 200-day moving average (GBX 160.58) and last traded at GBX 192.80, signaling positive momentum.
• Analyst sentiment: Berenberg raised its price target from GBX 210 to GBX 240 and issued a "buy" rating; the consensus is a "Moderate Buy" with a GBX 190 target near the current price.
• Valuation and recent earnings: Market cap £514.2m with a P/E of 16.77, last-quarter EPS GBX 14.50, net margin 3.57% and ROE 14.87%, showing modest profitability relative to its valuation.

Costain Group PLC (LON:COST - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 160.58 and traded as high as GBX 193.60. Costain Group shares last traded at GBX 192.80, with a volume of 551,010 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price objective on Costain Group from GBX 210 to GBX 240 and gave the company a "buy" rating in a research note on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Costain Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 190.

Costain Group Trading Up 0.7%

The business's 50-day moving average price is GBX 182.79 and its two-hundred day moving average price is GBX 160.58. The company has a debt-to-equity ratio of 9.68, a current ratio of 1.44 and a quick ratio of 1.32. The firm has a market cap of £514.23 million, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

Costain Group (LON:COST - Get Free Report) last announced its quarterly earnings data on Tuesday, March 10th. The company reported GBX 14.50 earnings per share (EPS) for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. Equities analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current year.

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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