Costain Group (LON:COST) Reaches New 52-Week High – Here’s Why

Costain Group PLC (LON:COST)’s share price reached a new 52-week high on Tuesday . The stock traded as high as GBX 213 and last traded at GBX 203, with a volume of 56917 shares traded. The stock had previously closed at GBX 210.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 240 price objective on shares of Costain Group in a research note on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Trading Down 3.1%

The firm’s 50 day moving average price is GBX 193.58 and its 200-day moving average price is GBX 181.54. The stock has a market cap of £543.51 million, a P/E ratio of 14.85, a P/E/G ratio of 1.63 and a beta of 0.89. The company has a debt-to-equity ratio of 9.68, a current ratio of 1.44 and a quick ratio of 1.32.

Insider Buying and Selling at Costain Group

In other news, insider Helen Willis sold 344,645 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of GBX 201, for a total value of £692,736.45. Also, insider Fiona MacAulay bought 4,169 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was acquired at an average cost of GBX 179 per share, with a total value of £7,462.51. 47.97% of the stock is owned by insiders.

About Costain Group

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.