Costain Group (LON:COST) Reaches New 12-Month High – What’s Next?

Costain Group PLC (LON:COST) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 188.40 and last traded at GBX 188.40, with a volume of 687799 shares traded. The stock had previously closed at GBX 187.60.

Analysts Set New Price Targets

COST has been the subject of a number of recent research reports. Berenberg Bank lifted their price objective on shares of Costain Group from GBX 190 to GBX 210 and gave the stock a “buy” rating in a research note on Monday, January 26th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 180 price target on shares of Costain Group in a report on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 180.

Costain Group Price Performance

The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The company has a market capitalization of £502.49 million, a P/E ratio of 16.38, a P/E/G ratio of 1.63 and a beta of 2.64. The firm’s fifty day moving average is GBX 163.55 and its 200 day moving average is GBX 152.14.

Insider Buying and Selling at Costain Group

In other Costain Group news, insider Fiona MacAulay purchased 6,347 shares of Costain Group stock in a transaction dated Wednesday, December 10th. The shares were purchased at an average cost of GBX 157 per share, for a total transaction of £9,964.79. Insiders own 47.97% of the company’s stock.

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.