Costain Group (LON:COST) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Costain Group shares broke above their 200-day moving average, reaching GBX 232 before last trading at GBX 225.50 on volume of approximately 1.1 million shares.
• Berenberg raised its price target from GBX 240 to GBX 275 and maintained a “Buy” rating. Analysts have a consensus “Buy” rating and an average target of GBX 227.50.
• The company reported quarterly EPS of GBX 5.70, with a 14.73% return on equity and a 3.57% net margin; insiders own 49.1% of the shares.

Shares of Costain Group PLC (LON:COST - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 198.16 and traded as high as GBX 232. Costain Group shares last traded at GBX 225.50, with a volume of 1,095,411 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on Costain Group from GBX 240 to GBX 275 and gave the company a "buy" rating in a research report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, Costain Group has a consensus rating of "Buy" and a consensus price target of GBX 227.50.

Costain Group Stock Performance

The firm has a fifty day moving average of GBX 214.04 and a 200 day moving average of GBX 198.16. The company has a debt-to-equity ratio of 12.61, a current ratio of 1.40 and a quick ratio of 1.32. The stock has a market capitalization of £596.88 million, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88.

Costain Group (LON:COST - Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Costain Group had a return on equity of 14.73% and a net margin of 3.57%. On average, sell-side analysts anticipate 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 344,645 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total value of £692,736.45. Also, insider Amanda Fisher purchased 1,953 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average cost of GBX 204 per share, for a total transaction of £3,984.12. Company insiders own 49.10% 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.

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