Costain Group (LON:COST) Hits New 12-Month High – What’s Next?

Costain Group PLC (LON:COSTGet Free Report)’s stock price hit a new 52-week high on Tuesday . The company traded as high as GBX 213 and last traded at GBX 203, with a volume of 56917 shares traded. The stock had previously closed at GBX 210.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on Costain Group

Costain Group Stock Performance

The business’s 50 day simple moving average is GBX 193.88 and its two-hundred day simple moving average is GBX 182.26. The firm has a market capitalization of £556.86 million, a PE ratio of 15.22, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68.

Insider Buying and Selling at Costain Group

In other news, insider Alex Vaughan sold 415,015 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of GBX 206, for a total value of £854,930.90. Also, insider Fiona MacAulay acquired 4,169 shares of the stock in a transaction dated Wednesday, April 29th. The stock was acquired at an average price of GBX 179 per share, for a total transaction of £7,462.51. Insiders sold a total of 1,013,453 shares of company stock worth $204,763,956 in the last three months. 47.97% of the stock is currently owned by company insiders.

Costain Group Company Profile

(Get Free Report)

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.

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