Costain Group (LON:COST) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

by · The Cerbat Gem

Costain Group PLC (LON:COST – Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 89.71 ($1.16) and traded as high as GBX 102.74 ($1.33). Costain Group shares last traded at GBX 102 ($1.32), with a volume of 648,448 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Costain Group from GBX 80 ($1.04) to GBX 105 ($1.36) and gave the company a “hold” rating in a research report on Friday, August 23rd.

Check Out Our Latest Stock Analysis on Costain Group

Costain Group Trading 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 business’s fifty day simple moving average is GBX 101.22 and its 200 day simple moving average is GBX 89.81. The stock has a market cap of £285.94 million, a price-to-earnings ratio of 954.55, a P/E/G ratio of 1.63 and a beta of 2.64.

Costain Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 12th were given a dividend of GBX 0.40 ($0.01) per share. This represents a dividend yield of 0.42%. The ex-dividend date was Thursday, September 12th. Costain Group’s payout ratio is 909.09%.

About Costain Group

(Get Free Report)

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.

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