Costain Group (LON:COST) Sets New 12-Month High – Time to Buy?

Costain Group PLC (LON:COST)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 125 ($1.70) and last traded at GBX 123.80 ($1.68), with a volume of 729842 shares. The stock had previously closed at GBX 123 ($1.67).

Costain Group Trading Up 0.7%

The firm has a market capitalization of £331.60 million, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.40 and a quick ratio of 1.32. The business’s 50-day moving average is GBX 110.36 and its 200 day moving average is GBX 106.

Costain Group (LON:COST) last posted its quarterly earnings results on Tuesday, March 11th. The company reported GBX 14.60 ($0.20) earnings per share for the quarter. Costain Group had a net margin of 2.33% and a return on equity of 13.56%. As a group, analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current fiscal year.

Costain Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, April 17th will be paid a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 1.89%. This is a positive change from Costain Group’s previous dividend of $0.40. Costain Group’s payout ratio is currently 8.93%.

About Costain Group

Costain helps to improve people’s lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK’s energy, water, transportation and defence markets.