Costain Group (LON:COST) Reaches New 1-Year High – Should You Buy?

Costain Group PLC (LON:COST) shares reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 219.50 and last traded at GBX 217.30, with a volume of 671890 shares changing hands. The stock had previously closed at GBX 215.

Wall Street Analysts Forecast Growth

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

Costain Group Stock Performance

The stock has a market cap of £578.43 million, a price-to-earnings ratio of 15.86, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. 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 stock’s 50-day moving average is GBX 202.34 and its 200-day moving average is GBX 189.27.

Insiders Place Their Bets

In other news, insider Alex Vaughan sold 415,015 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of GBX 206, for a total transaction of £854,930.90. Also, insider Fiona MacAulay acquired 4,169 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average price of GBX 179 per share, for a total transaction of £7,462.51. 48.83% 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.