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

Costain Group PLC (LON:COST) reached a new 52-week high on Tuesday. The stock traded as high as GBX 265.23 and last traded at GBX 263.50, with a volume of 1,071,941 shares traded. The stock had previously closed at GBX 259.50.

Analyst Ratings Changes

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

Costain Group Stock Up 1.0%

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 capitalization of £687.29 million, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.63 and a beta of 0.83. The company has a 50-day moving average of GBX 242.66 and a two-hundred day moving average of GBX 206.24.

Costain Group (LON:COST) last announced its quarterly earnings data 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%. On average, research analysts predict that Costain Group PLC will post 13.76 EPS for the current year.

Insider Activity at Costain Group

In related news, insider Anthony (Tony) James Quinlan purchased 5,692 shares of the company’s stock in a transaction dated Wednesday, September 30th. The shares were purchased at an average cost of GBX 262 per share, with a total value of £14,913.04. 49.36% of the stock is currently 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.