Costain Group (LON:COST) Shares Pass Above 200 Day Moving Average of $85.90

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

Wall Street Analysts Forecast Growth

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

Costain Group Price Performance

The company has a market capitalization of £276.01 million, a price-to-earnings ratio of 918.18, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The business has a 50-day moving average price of GBX 95.88 and a two-hundred day moving average price 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 company also recently disclosed a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 12th will be paid 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 currently 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.