Costain Group (LON:COST) Reaches New 1-Year High – Here’s What Happened

Costain Group PLC (LON:COST) hit a new 52-week high on Friday . The company traded as high as GBX 203.50 and last traded at GBX 202.50, with a volume of 2631266 shares changing hands. The stock had previously closed at GBX 197.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price target on Costain Group from GBX 210 to GBX 240 and gave the company a “buy” rating in a report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 190.

Costain Group Trading Up 1.3%

The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68. The business’s 50-day moving average is GBX 187.20 and its two-hundred day moving average is GBX 165.47. The firm has a market cap of £530.74 million, a P/E ratio of 14.57, a P/E/G ratio of 1.63 and a beta of 0.96.

Costain Group (LON:COST) last announced its quarterly earnings data on Tuesday, March 10th. The company reported GBX 14.50 earnings per share for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. As a group, analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

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.