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

Shares of Costain Group PLC (LON:COSTGet Free Report) hit 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 traded. The stock had previously closed at GBX 216.50.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on COST

Costain Group Price Performance

The company has a debt-to-equity ratio of 9.68, a quick ratio of 1.32 and a current ratio of 1.44. The company has a market cap of £553.77 million, a price-to-earnings ratio of 15.19, a PEG ratio of 1.63 and a beta of 0.89. The business has a fifty day moving average price of GBX 204.29 and a 200 day moving average price of GBX 191.55.

Insider Activity at Costain Group

In other news, insider Helen Willis sold 344,645 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total transaction of £692,736.45. Also, insider Alex Vaughan sold 415,015 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of GBX 206, for a total value of £854,930.90. 48.83% of the stock is currently owned by insiders.

Costain Group Company Profile

(Get Free Report)

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.

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