Costain Group (LON:COST) Reaches New 12-Month High – Still a Buy?

Costain Group PLC (LON:COST) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 206 and last traded at GBX 206, with a volume of 305211 shares changing hands. The stock had previously closed at GBX 202.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 240 price target on shares of Costain Group in a research report on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 190.

Costain Group Price Performance

The business’s 50 day moving average price is GBX 191.85 and its 200 day moving average price is GBX 179.55. The stock has a market capitalization of £547.51 million, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. The company has a debt-to-equity ratio of 9.68, a current ratio of 1.44 and a quick ratio of 1.32.

Insider Buying and Selling

In other news, insider Helen Willis sold 253,793 shares of Costain Group stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of GBX 197, for a total value of £499,972.21. Also, insider Fiona MacAulay purchased 4,169 shares of Costain Group stock in a transaction dated Wednesday, April 29th. The stock was bought at an average price of GBX 179 per share, with a total value of £7,462.51. Insiders own 47.97% 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.