Costain Group (LON:COST) Hits New 1-Year High Following Analyst Upgrade

Costain Group PLC (LON:COST) reached a new 52-week high during trading on Monday after Berenberg Bank raised their price target on the stock from GBX 240 to GBX 275. Berenberg Bank currently has a buy rating on the stock. Costain Group traded as high as GBX 241 and last traded at GBX 234.80, with a volume of 486078 shares traded. The stock had previously closed at GBX 234.50.

Insider Transactions at Costain Group

In other news, insider Helen Willis sold 344,645 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total value of £692,736.45. Also, insider Alex Vaughan sold 415,015 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of GBX 206, for a total transaction of £854,930.90. 49.10% of the stock is owned by insiders.

Costain Group Stock Up 0.2%

The business has a 50-day simple moving average of GBX 210.19 and a two-hundred day simple moving average of GBX 196.16. The company has a market cap of £622.03 million, a price-to-earnings ratio of 17.15, a PEG ratio of 1.63 and a beta of 0.88. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 12.61.

Costain Group (LON:COST) last posted its earnings results on Thursday, August 13th. The company reported GBX 5.70 earnings per share for the quarter. Costain Group had a return on equity of 14.73% and a net margin of 3.57%. As a group, equities analysts forecast that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal 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.