Costain Group (LON:COST) Reaches New 12-Month High – What’s Next?

Costain Group PLC (LON:COST)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 188.40 and last traded at GBX 188.40, with a volume of 687799 shares traded. The stock had previously closed at GBX 187.60.

Analysts Set New Price Targets

Several research firms have recently commented on COST. Peel Hunt restated a “buy” rating and issued a GBX 180 price objective on shares of Costain Group in a research note on Monday, October 13th. Berenberg Bank boosted their price target on Costain Group from GBX 190 to GBX 210 and gave the company a “buy” rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Costain Group has an average rating of “Moderate Buy” and a consensus price target of GBX 180.

Costain Group Stock Up 0.4%

The company has a 50-day moving average price of GBX 163.55 and a 200 day moving average price of GBX 152.14. The firm has a market capitalization of £502.49 million, a PE ratio of 16.38, a P/E/G ratio of 1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.40 and a quick ratio of 1.32.

Insider Buying and Selling

In other Costain Group news, insider Fiona MacAulay purchased 6,347 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was acquired at an average cost of GBX 157 per share, for a total transaction of £9,964.79. Corporate 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.