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

Shares of Costain Group PLC (LON:COST) reached a new 52-week high on Wednesday . The stock traded as high as GBX 181.40 and last traded at GBX 177, with a volume of 428591 shares. The stock had previously closed at GBX 178.80.

Analysts Set New Price Targets

COST has been the subject of several research analyst reports. Berenberg Bank upped their price target on shares of Costain Group from GBX 190 to GBX 210 and gave the company a “buy” rating in a report on Monday. Peel Hunt restated a “buy” rating and issued a GBX 180 price target on shares of Costain Group in a report on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 180.

Costain Group Stock Down 1.0%

The firm has a fifty day simple moving average of GBX 157.94 and a 200-day simple moving average of GBX 150.57. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The firm has a market cap of £472.09 million, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.63 and a beta of 2.64.

Insider Activity

In other news, insider Fiona MacAulay bought 6,347 shares of the stock in a transaction dated Wednesday, December 10th. The shares were bought at an average price of GBX 157 per share, for a total transaction of £9,964.79. 47.97% of the stock is currently 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.