Costain Group PLC (LON:COST – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 84.39 ($1.11) and traded as high as GBX 104.50 ($1.38). Costain Group shares last traded at GBX 104 ($1.37), with a volume of 2,801,192 shares trading hands.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Costain Group from GBX 80 ($1.06) to GBX 105 ($1.39) and gave the stock a “hold” rating in a report on Friday, August 23rd.
View Our Latest Stock Report on COST
Costain Group Price Performance
Costain Group Cuts Dividend
The company also recently announced a dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 0.40 ($0.01) per share. This represents a yield of 0.42%. The ex-dividend date is Thursday, September 12th. Costain Group’s dividend payout ratio is presently 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.
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