Costain Group (LON:COST) Reaches New 12-Month High – Here’s Why

Costain Group PLC (LON:COST)’s share price hit a new 52-week high on Tuesday . The company traded as high as GBX 220.50 and last traded at GBX 218.50, with a volume of 312482 shares trading hands. The stock had previously closed at GBX 216.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 240 price objective on shares of Costain Group in a research note on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 190.

Costain Group Stock Performance

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’s 50-day moving average price is GBX 207.65 and its two-hundred day moving average price is GBX 194.47. The stock has a market cap of £578.35 million, a price-to-earnings ratio of 15.95, a PEG ratio of 1.63 and a beta of 0.88.

Insider Buying and Selling at Costain Group

In other news, insider Amanda Fisher purchased 1,953 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was acquired at an average price of GBX 204 per share, for a total transaction of £3,984.12. Also, insider Helen Willis sold 344,645 shares of Costain Group stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total transaction of £692,736.45. 49.10% of the stock is currently owned by company 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.