Costain Group (LON:COST) Sets New 52-Week High – Should You Buy?

Costain Group PLC (LON:COST)’s share price hit 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 traded. The stock had previously closed at GBX 215.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 240 target price on shares of Costain Group in a report on Wednesday, July 15th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Costain Group has an average rating of “Moderate Buy” and a consensus target price of GBX 190.

Costain Group Stock Up 1.4%

The stock has a market cap of £582.95 million, a price-to-earnings ratio of 15.99, a P/E/G ratio of 1.63 and a beta of 0.89. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68. The firm’s 50 day moving average is GBX 203.03 and its two-hundred day moving average is GBX 190.10.

Insider Activity

In other news, insider Fiona MacAulay acquired 4,169 shares of the business’s stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average price of GBX 179 per share, with a total value of £7,462.51. Also, insider Helen Willis sold 344,645 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total transaction of £692,736.45. Insiders own 48.83% 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.