Costain Group (LON:COST) Hits New 1-Year High – Still a Buy?

Costain Group PLC (LON:COST)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 206 and last traded at GBX 206, with a volume of 305211 shares changing hands. The stock had previously closed at GBX 202.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 240 target price on shares of Costain Group in a report on Tuesday, June 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 190.

Costain Group Stock Up 0.0%

The firm’s 50-day moving average price is GBX 192.64 and its 200-day moving average price is GBX 180.33. The company has a market cap of £561.13 million, a price-to-earnings ratio of 15.34, 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.

Insider Buying and Selling at Costain Group

In other news, insider Helen Willis sold 344,645 shares of the stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total value of £692,736.45. Also, insider Fiona MacAulay acquired 4,169 shares of the company’s stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average cost of GBX 179 per share, with a total value of £7,462.51. 47.97% of the stock is owned by corporate 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.