Costain Group (LON:COST) Reaches New 12-Month High – Time to Buy?

Costain Group PLC (LON:COST) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 193 and last traded at GBX 191.40, with a volume of 396476 shares changing hands. The stock had previously closed at GBX 186.

Analyst Upgrades and Downgrades

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

Costain Group Trading Up 4.3%

The business has a 50 day moving average of GBX 171.44 and a two-hundred day moving average of GBX 154.34. The firm has a market capitalization of £517.43 million, a price-to-earnings ratio of 16.87, a P/E/G ratio of 1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40.

Insider Buying and Selling at Costain Group

In other news, insider Fiona MacAulay bought 6,347 shares of the stock in a transaction dated Wednesday, December 10th. The shares were bought at an average cost of GBX 157 per share, with a total value of £9,964.79. 47.97% of the stock is owned by 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.