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 stock traded as high as GBX 200.50 and last traded at GBX 199, with a volume of 7526340 shares changing hands. The stock had previously closed at GBX 170.

Analyst Ratings Changes

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

Costain Group Stock Performance

The company has a debt-to-equity ratio of 9.57, a current ratio of 1.41 and a quick ratio of 1.32. The stock has a 50-day moving average price of GBX 175.53 and a 200-day moving average price of GBX 156.01. The firm has a market capitalization of £526.45 million, a PE ratio of 17.16, a price-to-earnings-growth ratio of 1.63 and a beta of 0.96.

Costain Group (LON:COST) last issued its quarterly 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, research analysts expect that Costain Group PLC will post 13.7551582 EPS 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.