Costain Group (LON:COST) Shares Cross Above 200-Day Moving Average of $84.39

Costain Group PLC (LON:COST)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.39 ($1.11) and traded as high as GBX 104.50 ($1.38). Costain Group shares last traded at GBX 104 ($1.37), with a volume of 2,801,192 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised their target price on shares of Costain Group from GBX 80 ($1.06) to GBX 105 ($1.39) and gave the company a “hold” rating in a research note on Friday, August 23rd.

Costain Group Stock Performance

The company has a market capitalization of £288.22 million, a P/E ratio of 945.45, a PEG ratio of 1.63 and a beta of 2.64. The stock’s fifty day moving average price is GBX 94.35 and its 200-day moving average price is GBX 84.39. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40.

Costain Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 12th will be paid a GBX 0.40 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a yield of 0.42%. Costain Group’s dividend payout ratio is 909.09%.

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.