Costain Group (LON:COST) Sets New 12-Month High – Here’s What Happened

Costain Group PLC (LON:COST) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 219.50 and last traded at GBX 217.30, with a volume of 671890 shares. The stock had previously closed at GBX 215.

Analyst Upgrades and Downgrades

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

Costain Group Stock Up 1.1%

The stock has a fifty day moving average of GBX 202.34 and a two-hundred day moving average of GBX 189.27. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 9.68. The stock has a market cap of £578.43 million, a price-to-earnings ratio of 15.86, a PEG ratio of 1.63 and a beta of 0.89.

Insider Transactions at Costain Group

In other Costain Group news, insider Fiona MacAulay bought 4,169 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average price of GBX 179 per share, with a total value of £7,462.51. Also, insider Amanda Fisher bought 1,953 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were acquired at an average cost of GBX 204 per share, with a total value of £3,984.12. 48.83% 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.