Costain Group (LON:COST) Sets 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 206 and last traded at GBX 205.50, with a volume of 998124 shares changing hands. The stock had previously closed at GBX 196.60.

Analyst Ratings Changes

Separately, Berenberg Bank raised their target price on Costain Group from GBX 210 to GBX 240 and gave the company a “buy” rating in a report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Costain Group 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 £551.24 million, a price-to-earnings ratio of 15.00, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88. The company has a fifty day moving average price of GBX 188.24 and a two-hundred day moving average price of GBX 172.55. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68.

Costain Group (LON:COST) last announced its quarterly earnings data on Tuesday, March 10th. The company reported GBX 14.50 earnings per share for the quarter. Costain Group had a return on equity of 14.87% and a net margin of 3.57%. As a group, equities research analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current fiscal year.

Insider Activity at Costain Group

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