Costain Group (LON:COST) Hits New 52-Week High – Still a Buy?

Costain Group PLC (LON:COST) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 193 and last traded at GBX 190.64, with a volume of 20954 shares. The stock had previously closed at GBX 190.60.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price objective on Costain Group from GBX 190 to GBX 210 and gave the company a “buy” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Costain Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 180.

Costain Group Stock Performance

The company has a market cap of £508.61 million, a P/E ratio of 16.58, a P/E/G ratio of 1.63 and a beta of 2.64. The business has a fifty day moving average of GBX 168.29 and a 200 day moving average of GBX 153.54. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86.

Insider Buying and Selling

In other news, insider Fiona MacAulay bought 6,347 shares of Costain Group stock in a transaction on Wednesday, December 10th. The shares were purchased 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 company 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.