Costain Group (LON:COST) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Costain Group PLC (LON:COST) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 93.40 ($1.17) and traded as high as GBX 103 ($1.29). Costain Group shares last traded at GBX 101.50 ($1.27), with a volume of 670,701 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Costain Group from GBX 80 ($1.00) to GBX 105 ($1.32) and gave the stock a “hold” rating in a research report on Friday, August 23rd.

Costain Group Trading Up 3.0 %

The stock has a market cap of £281.85 million, a P/E ratio of 940.91, a PEG ratio of 1.63 and a beta of 2.64. 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 business’s 50 day simple moving average is GBX 103 and its 200 day simple moving average is GBX 93.44.

Insiders Place Their Bets

In other news, insider Helen Willis sold 234,555 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of GBX 107 ($1.34), for a total transaction of £250,973.85 ($314,621.85). Corporate insiders own 6.43% of the company’s stock.

Costain Group Company Profile

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.