Costain Group (LON:COST) Shares Pass Above 200 Day Moving Average – What’s Next?

Costain Group PLC (LON:COST)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 92.64 ($1.19) and traded as high as GBX 109.50 ($1.41). Costain Group shares last traded at GBX 105 ($1.35), with a volume of 1,173,033 shares traded.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Costain Group from GBX 80 ($1.03) to GBX 105 ($1.35) and gave the stock a “hold” rating in a research report on Friday, August 23rd.

Costain Group Stock Performance

The company has a debt-to-equity ratio of 9.86, a current ratio of 1.40 and a quick ratio of 1.32. The company’s fifty day moving average price is GBX 102.99 and its 200 day moving average price is GBX 92.64. The company has a market cap of £290.02 million, a PE ratio of 954.55, a P/E/G ratio of 1.63 and a beta of 2.64.

Costain Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 12th were given a dividend of GBX 0.40 ($0.01) per share. The ex-dividend date was Thursday, September 12th. This represents a yield of 0.42%. Costain Group’s payout ratio is currently 909.09%.

Insider Activity

In other Costain Group news, insider Helen Willis sold 234,555 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of GBX 107 ($1.38), for a total value of £250,973.85 ($322,962.10). Insiders own 6.43% of the company’s stock.

About Costain Group

Costain Group PLC provides smart infrastructure solutions for the transportation, energy, water, and defense markets in the United Kingdom. The company operates through two segments, Transportation and Natural Resources. The Transportation segment operates in the road, rail, and integrated transport markets.