Costain Group (LON:COST) Reaches New 52-Week High on Analyst Upgrade

Costain Group PLC (LON:COST) reached a new 52-week high during mid-day trading on Wednesday after Berenberg Bank raised their price target on the stock from GBX 210 to GBX 240. Berenberg Bank currently has a buy rating on the stock. Costain Group traded as high as GBX 200.50 and last traded at GBX 199, with a volume of 7526340 shares. The stock had previously closed at GBX 170.

Costain Group Stock Up 0.2%

The business’s 50 day simple moving average is GBX 177.14 and its 200-day simple moving average is GBX 156.62. The company has a debt-to-equity ratio of 9.68, a quick ratio of 1.32 and a current ratio of 1.44. The company has a market cap of £524.36 million, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

Costain Group (LON:COST) last posted its quarterly earnings results on Tuesday, March 10th. The company reported GBX 14.50 earnings per share for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. Sell-side analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current year.

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.