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

Costain Group PLC (LON:COST) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 206 and last traded at GBX 206, with a volume of 305211 shares trading hands. The stock had previously closed at GBX 202.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 240 price objective on shares of Costain Group in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 190.

Costain Group Stock Up 1.5%

The stock’s 50 day simple moving average is GBX 191.85 and its two-hundred day simple moving average is GBX 179.55. The firm has a market cap of £547.51 million, a P/E ratio of 14.96, 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

In other Costain Group news, insider Helen Willis sold 253,793 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of GBX 197, for a total transaction of £499,972.21. Also, insider Fiona MacAulay bought 4,169 shares of the firm’s stock in a transaction on Wednesday, April 29th. The shares were acquired at an average cost of GBX 179 per share, with a total value of £7,462.51. 47.97% of the stock is currently owned by company 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.