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

Costain Group PLC (LON:COST) shares reached a new 52-week high during trading on Monday. The stock traded as high as GBX 263.50 and last traded at GBX 263, with a volume of 463046 shares changing hands. The stock had previously closed at GBX 256.

Wall Street Analyst Weigh In

Separately, Berenberg Bank boosted their price objective on shares of Costain Group from GBX 240 to GBX 275 and gave the stock a “buy” rating in a research report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 227.50.

Costain Group Price Performance

The firm’s 50-day simple moving average is GBX 228.53 and its 200 day simple moving average is GBX 207.63. The company has a market cap of £685.51 million, a P/E ratio of 18.61, a PEG ratio of 1.63 and a beta of 0.89. The company has a debt-to-equity ratio of 12.61, a quick ratio of 1.32 and a current ratio of 1.40.

Costain Group (LON:COST) last posted its quarterly earnings results on Thursday, August 13th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Costain Group had a return on equity of 14.73% and a net margin of 3.57%. On average, research 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.