Costain Group (LON:COST) Sets New 52-Week High – Still a Buy?

Shares of Costain Group PLC (LON:COST) hit a new 52-week high on Thursday . The company traded as high as GBX 206 and last traded at GBX 205.50, with a volume of 998124 shares changing hands. The stock had previously closed at GBX 196.60.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price objective on Costain Group from GBX 210 to GBX 240 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Costain Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Price Performance

The stock has a 50 day moving average of GBX 188.24 and a two-hundred day moving average of GBX 172.55. 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 firm has a market capitalization of £551.24 million, a P/E ratio of 15.00, a P/E/G ratio of 1.63 and a beta of 0.88.

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

Insider Buying and Selling

In other Costain Group news, insider Fiona MacAulay bought 4,169 shares of the stock in a transaction on Wednesday, April 29th. The shares were purchased at an average price of GBX 179 per share, with a total value of £7,462.51. Also, insider Helen Willis sold 253,793 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of GBX 197, for a total value of £499,972.21. Company insiders own 47.97% of the company’s stock.

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.