Costain Group (LON:COST) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Costain Group shares crossed above their 200-day moving average, reaching GBX 230 before closing at GBX 226.50, up 0.7%, on trading volume of approximately 1.51 million shares.
• Berenberg raised its price target from GBX 240 to GBX 275 and maintained a “buy” rating. The two-analyst consensus is also “Buy,” with a target price of GBX 227.50.
• The company reported quarterly earnings of GBX 5.70 per share, with a 14.73% return on equity and a 3.57% net margin; insiders own 49.35% of the stock, though one insider recently sold shares worth about £855,000.

Costain Group PLC (LON:COST - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 201.62 and traded as high as GBX 230. Costain Group shares last traded at GBX 226.50, with a volume of 1,512,039 shares changing hands.

Wall Street Analyst Weigh In

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

Costain Group Trading Up 0.7%

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 50-day moving average price of GBX 218.63 and a two-hundred day moving average price of GBX 201.62. The stock has a market cap of £596.03 million, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89.

Costain Group (LON:COST - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported GBX 5.70 EPS for the quarter. Costain Group had a return on equity of 14.73% and a net margin of 3.57%. Sell-side analysts forecast that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Costain Group news, insider Alex Vaughan sold 415,015 shares of Costain Group stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of GBX 206, for a total value of £854,930.90. Also, insider Amanda Fisher acquired 1,953 shares of the firm's stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of GBX 204 per share, for a total transaction of £3,984.12. Corporate insiders own 49.35% 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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