Costain Group (LON:COST) Hits New 12-Month High – Still a Buy?

Costain Group PLC (LON:COST)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 181.40 and last traded at GBX 177, with a volume of 428591 shares. The stock had previously closed at GBX 178.80.

Analyst Ratings Changes

A number of research firms recently issued reports on COST. Peel Hunt reaffirmed a “buy” rating and issued a GBX 180 target price on shares of Costain Group in a research report on Monday, October 13th. Berenberg Bank raised their price target on Costain Group from GBX 190 to GBX 210 and gave the company a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Costain Group presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 180.

Costain Group Price Performance

The business has a fifty day moving average of GBX 159.81 and a two-hundred day moving average of GBX 151.11. 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 capitalization of £472.09 million, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64.

Insider Buying and Selling at Costain Group

In related news, insider Fiona MacAulay bought 6,347 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was bought at an average price of GBX 157 per share, for a total transaction of £9,964.79. 47.97% of the stock is owned by insiders.

Costain Group Company Profile

Costain improves people’s lives by creating connected, sustainable infrastructure that enables people and the planet to thrive. Through the delivery of predictable, best-in-class solutions across the transport, water, energy and defence markets, we are creating a sustainable future and securing a more prosperous, resilient and decarbonised UK.

By bringing together our unique mix of construction, consultancy, engineering and digital services, we work strategically with our customers and suppliers to meet critical national needs.