Costain Group (LON:COST) Reaches New 52-Week High – Here’s Why

Costain Group PLC (LON:COST)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 213 and last traded at GBX 203, with a volume of 56917 shares changing hands. The stock had previously closed at GBX 210.

Analyst Upgrades and Downgrades

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

Costain Group Trading Down 3.1%

The firm has a market capitalization of £543.51 million, a PE ratio of 14.85, a PEG ratio of 1.63 and a beta of 0.89. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 9.68. The stock’s fifty day simple moving average is GBX 193.58 and its 200 day simple moving average is GBX 181.54.

Insider Buying and Selling at Costain Group

In related news, insider Fiona MacAulay acquired 4,169 shares of Costain Group stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average cost of GBX 179 per share, for a total transaction of £7,462.51. Also, insider Helen Willis sold 344,645 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of GBX 201, for a total value of £692,736.45. Company insiders own 47.97% of the company’s stock.

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.