Costain Group (LON:COST) Share Price Crosses Above 200-Day Moving Average - Here's Why

Costain Group PLC (LON:COST - Get Free Report)'s share price 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.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on 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 Performance

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 cap of £295.47 million, a P/E ratio of 986.36, a P/E/G ratio of 1.63 and a beta of 2.64. The company's 50 day moving average is GBX 105.26 and its 200 day moving average is GBX 96.63.

Insider Activity

In other news, insider Helen Willis sold 234,555 shares of the firm's stock in a transaction dated 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 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.