Costain Group (LON:COST) Share Price Passes Above 200-Day Moving Average – Here’s Why

Costain Group PLC (LON:COST) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 96.54 ($1.21) and traded as high as GBX 111 ($1.39). Costain Group shares last traded at GBX 109.50 ($1.37), with a volume of 995,348 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Costain Group from GBX 80 ($1.00) to GBX 105 ($1.31) and gave the stock a “hold” rating in a research note on Friday, August 23rd.

Costain Group Stock Up 0.5 %

The company has a fifty day moving average price of GBX 105.06 and a 200-day moving average price of GBX 96.54. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The firm has a market capitalization of £298.19 million, a PE ratio of 995.45, a PEG ratio of 1.63 and a beta of 2.64.

Insider Buying and Selling

In related news, insider Helen Willis sold 234,555 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of GBX 107 ($1.34), for a total transaction of £250,973.85 ($313,678.10). 6.43% of the stock is currently owned by company insiders.

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.