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

Shares of Costain Group PLC (LON:COST) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 220.50 and last traded at GBX 214, with a volume of 352769 shares. The stock had previously closed at GBX 216.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 240 target price on shares of Costain Group in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Costain Group has a consensus rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Trading Up 1.4%

The company has a debt-to-equity ratio of 9.68, a current ratio of 1.44 and a quick ratio of 1.32. The business’s 50-day simple moving average is GBX 203.67 and its two-hundred day simple moving average is GBX 190.88. The stock has a market capitalization of £577.63 million, a price-to-earnings ratio of 15.84, a PEG ratio of 1.63 and a beta of 0.89.

Insider Buying and Selling at Costain Group

In related news, insider Alex Vaughan sold 415,015 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of GBX 206, for a total transaction of £854,930.90. Also, insider Fiona MacAulay purchased 4,169 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was bought at an average price of GBX 179 per share, with a total value of £7,462.51. Company insiders own 48.83% 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.