Costain Group (LON:COST) Sets New 12-Month High – Should You Buy?

Shares of Costain Group PLC (LON:COST) hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 265.50 and last traded at GBX 262, with a volume of 6,367,244 shares trading hands. The stock had previously closed at GBX 261.50.

Analysts Set New Price Targets

Separately, Berenberg Bank lifted their target price on shares of Costain Group from GBX 240 to GBX 275 and gave the company a “buy” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 275.

Costain Group Price Performance

The business’s 50 day moving average price is GBX 246.20 and its 200-day moving average price is GBX 209.07. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 12.61. The company has a market cap of £653.19 million, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.63 and a beta of 0.83.

Costain Group (LON:COST) last announced its earnings results on Thursday, August 13th. The company reported GBX 5.70 earnings per share for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.73%. As a group, analysts forecast that Costain Group PLC will post 13.76 earnings per share for the current year.

Insider Transactions at Costain Group

In other Costain Group news, insider Anthony (Tony) James Quinlan acquired 5,692 shares of the company’s stock in a transaction on Wednesday, September 30th. The shares were bought at an average cost of GBX 262 per share, for a total transaction of £14,913.04. 49.36% of the stock is owned by corporate 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.