Costain Group (LON:COST) Sets New 12-Month High – Here’s Why

Costain Group PLC (LON:COST)’s stock price hit a new 52-week high on Monday . The company traded as high as GBX 214 and last traded at GBX 210.40, with a volume of 16239 shares traded. The stock had previously closed at GBX 210.

Wall Street Analyst Weigh In

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

Costain Group Stock Down 0.5%

The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 9.68. The company has a fifty day simple moving average of GBX 194.46 and a 200-day simple moving average of GBX 183.04. The firm has a market cap of £558.20 million, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89.

Insiders Place Their Bets

In related news, insider Fiona MacAulay purchased 4,169 shares of Costain Group stock in a transaction on Wednesday, April 29th. The shares were bought at an average cost of GBX 179 per share, for a total transaction of £7,462.51. Also, insider Amanda Fisher purchased 1,953 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of GBX 204 per share, for a total transaction of £3,984.12. Insiders have sold 1,013,453 shares of company stock valued at $204,763,956 over the last three months. Insiders own 47.97% of the company’s stock.

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.