Costain Group (LON:COST) Reaches New 52-Week High – What’s Next?

Costain Group PLC (LON:COST)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 193 and last traded at GBX 190.64, with a volume of 20954 shares changing hands. The stock had previously closed at GBX 190.60.

Wall Street Analyst Weigh In

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

Costain Group Trading Up 0.0%

The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The firm has a market cap of £508.61 million, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The stock has a 50-day simple moving average of GBX 168.29 and a two-hundred day simple moving average of GBX 153.54.

Insiders Place Their Bets

In related news, insider Fiona MacAulay bought 6,347 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were bought at an average price of GBX 157 per share, for a total transaction of £9,964.79. 47.97% of the stock is currently owned by company insiders.

About Costain Group

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.