Costain Group (LON:COST) Reaches New 1-Year High – What’s Next?

Costain Group PLC (LON:COST)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 200.50 and last traded at GBX 199, with a volume of 7526340 shares traded. The stock had previously closed at GBX 170.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on shares of Costain Group from GBX 190 to GBX 210 and gave the company a “buy” rating in a report on Monday, January 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 180.

Costain Group Stock Performance

The company has a fifty day moving average of GBX 175.53 and a two-hundred day moving average of GBX 156.01. The stock has a market capitalization of £526.45 million, a P/E ratio of 17.16, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 9.57, a current ratio of 1.41 and a quick ratio of 1.32.

Costain Group (LON:COST) last released its earnings results on Tuesday, March 10th. The company reported GBX 14.50 EPS for the quarter. Costain Group had a return on equity of 13.06% and a net margin of 2.75%. On average, equities analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current year.

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.