Costain Group (LON:COST) Stock Passes Above Two Hundred Day Moving Average of $85.90

Costain Group PLC (LON:COST - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 85.90 ($1.15) and traded as high as GBX 101.85 ($1.36). Costain Group shares last traded at GBX 101 ($1.35), with a volume of 602,986 shares traded.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft increased their target price on shares of Costain Group from GBX 80 ($1.07) to GBX 105 ($1.41) and gave the stock a "hold" rating in a report on Friday, August 23rd.

Costain Group Stock Performance

The company has a market capitalization of £276.01 million, a price-to-earnings ratio of 918.18, a P/E/G ratio of 1.63 and a beta of 2.64. The stock has a 50 day simple moving average of GBX 95.88 and a 200 day simple moving average of GBX 85.90. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86.

Costain Group Cuts Dividend

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

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.