Costain Group (LON:COST) Hits New 52-Week High – Still a Buy?

Costain Group PLC (LON:COST)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 259 and last traded at GBX 254, with a volume of 9662841 shares. The stock had previously closed at GBX 254.50.

Wall Street Analyst Weigh In

Separately, Berenberg Bank raised their price target on shares of Costain Group from GBX 240 to GBX 275 and gave the stock a “buy” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 227.50.

Costain Group Stock Performance

The stock has a market capitalization of £665.56 million, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 12.61. The stock’s 50-day simple moving average is GBX 224.86 and its 200 day simple moving average is GBX 205.59.

Costain Group (LON:COST) last posted its quarterly earnings data on Thursday, August 13th. The company reported GBX 5.70 earnings per share for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.73%. Analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

Costain Group Company Profile

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.