Costain Group (LON:COST) Reaches New 52-Week High – Should You Buy?

Costain Group PLC (LON:COST) reached a new 52-week high on Wednesday . The company traded as high as GBX 241.50 and last traded at GBX 241.50, with a volume of 1214262 shares changing hands. The stock had previously closed at GBX 225.50.

Analyst Ratings Changes

Separately, Berenberg Bank increased their target price on Costain Group from GBX 240 to GBX 275 and gave the stock a “buy” rating in a report on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 227.50.

Costain Group Price Performance

The stock has a market capitalization of £635.51 million, a P/E ratio of 17.25, a PEG ratio of 1.63 and a beta of 0.89. The company’s 50 day simple moving average is GBX 219.66 and its two-hundred day simple moving average is GBX 202.66. The company has a debt-to-equity ratio of 12.61, a current ratio of 1.40 and a quick ratio of 1.32.

Costain Group (LON:COST) last posted its earnings results on Thursday, August 13th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.73%. As a group, equities analysts expect that Costain Group PLC will post 13.7551582 EPS for the current fiscal year.

Insider Transactions at Costain Group

In related news, insider Alex Vaughan sold 415,015 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of GBX 206, for a total value of £854,930.90. Also, insider Amanda Fisher acquired 1,953 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was bought at an average price of GBX 204 per share, with a total value of £3,984.12. Insiders own 49.35% of the company’s stock.

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.