Costain Group PLC (LON:COST – Get Free Report) reached a new 52-week high during trading on Tuesday. The company traded as high as GBX 265.23 and last traded at GBX 263.50, with a volume of 1,071,941 shares trading hands. The stock had previously closed at GBX 259.50.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank raised their target price on shares of Costain Group from GBX 240 to GBX 275 and gave the stock a “buy” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Buy rating. According to MarketBeat.com, Costain Group presently has a consensus rating of “Buy” and an average target price of GBX 275.
Read Our Latest Report on COST
Costain Group Trading Up 1.5%
The firm has a market capitalization of £691.23 million, a price-to-earnings ratio of 18.82, a P/E/G ratio of 1.63 and a beta of 0.83. The company has a debt-to-equity ratio of 12.61, a quick ratio of 1.32 and a current ratio of 1.40. The business has a fifty day moving average price of GBX 241.35 and a 200 day moving average price of GBX 205.25.
Costain Group (LON:COST – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported GBX 5.70 earnings per share for the quarter. Costain Group had a return on equity of 14.73% and a net margin of 3.57%. As a group, equities analysts forecast that Costain Group PLC will post 13.76 earnings per share for the current year.
Insider Buying and Selling
In other news, insider Anthony (Tony) James Quinlan purchased 5,692 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was bought at an average cost of GBX 262 per share, for a total transaction of £14,913.04. 49.36% of the stock is owned by corporate insiders.
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.
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