Costain Group (LON:COST) Shares Cross Above 200 Day Moving Average – Here’s Why

Costain Group PLC (LON:COST)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analysts Set New Price Targets

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

Costain Group Stock Up 0.5 %

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 has a market capitalization of £298.19 million, a P/E ratio of 995.45, a PEG ratio of 1.63 and a beta of 2.64. The company has a 50 day moving average of GBX 105.06 and a 200-day moving average of GBX 96.54.

Insider Activity at Costain Group

In other news, insider Helen Willis sold 234,555 shares of Costain Group stock in a transaction dated Monday, October 28th. The stock was sold at an average price of GBX 107 ($1.34), for a total value of £250,973.85 ($313,678.10). 6.43% of the stock is currently owned by corporate insiders.

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.