Costain Group (LON:COST) Sets New 12-Month High – Still a Buy?

Shares of Costain Group PLC (LON:COST) hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as GBX 265.50 and last traded at GBX 262, with a volume of 6,367,244 shares traded. The stock had previously closed at GBX 261.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price target on Costain Group from GBX 240 to GBX 275 and gave the stock a “buy” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating. According to MarketBeat, Costain Group has a consensus rating of “Buy” and an average target price of GBX 275.

Costain Group Price Performance

The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 12.61. The business’s 50-day simple moving average is GBX 244.65 and its 200 day simple moving average is GBX 207.67. The firm has a market capitalization of £687.29 million, a P/E ratio of 18.71, a PEG ratio of 1.63 and a beta of 0.83.

Costain Group (LON:COST) last posted its quarterly earnings results 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 14.73%. Sell-side analysts forecast that Costain Group PLC will post 13.76 earnings per share for the current year.

Insider Transactions at Costain Group

In other Costain Group news, insider Anthony (Tony) James Quinlan bought 5,692 shares of the stock in a transaction dated Wednesday, September 30th. The stock was purchased at an average cost of GBX 262 per share, for a total transaction of £14,913.04. 49.36% 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.