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

Costain Group PLC (LON:COST) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 220.50 and last traded at GBX 218.50, with a volume of 312482 shares trading hands. The stock had previously closed at GBX 216.50.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 240 price objective on shares of Costain Group in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 190.

Costain Group Price Performance

The company has a market cap of £614.61 million, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88. The company has a fifty day simple moving average of GBX 208.68 and a two-hundred day simple moving average of GBX 195.25. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 9.68.

Costain Group (LON:COST) last released its quarterly earnings data on Thursday, August 13th. The company reported GBX 5.70 EPS for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. On average, equities research analysts anticipate that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Costain Group news, insider Helen Willis sold 344,645 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total value of £692,736.45. Also, insider Amanda Fisher purchased 1,953 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of GBX 204 per share, for a total transaction of £3,984.12. 49.10% 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.