Costain Group (LON:COST) Hits New 1-Year High - Here's What Happened

Key Points

• Costain Group's stock hit a new 52-week high, trading as high as GBX 203.50 and last at GBX 202.50 on a volume of 2,631,266 shares (previous close GBX 197).
• Berenberg Bank raised its price target from GBX 210 to GBX 240 and gave a Buy rating; overall analyst consensus is a "Moderate Buy" with an average target of GBX 190 (two Buys, one Hold).
• Momentum and fundamentals show strength with 50-/200-day SMAs of GBX 186.75/164.75, a market cap of £530.7m, a PE of 14.57, and quarterly EPS of GBX 14.50 with ROE of 14.87%.

Costain Group PLC (LON:COST - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 203.50 and last traded at GBX 202.50, with a volume of 2631266 shares trading hands. The stock had previously closed at GBX 197.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price objective on Costain Group from GBX 210 to GBX 240 and gave the stock a "buy" rating in a report on Wednesday, March 11th. Two investment 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, Costain Group has an average rating of "Moderate Buy" and an average target price of GBX 190.

Costain Group Price Performance

The company has a 50-day simple moving average of GBX 186.75 and a 200-day simple moving average of GBX 164.75. The stock has a market cap of £530.74 million, a PE ratio of 14.57, a PEG ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 9.68, a current ratio of 1.44 and a quick ratio of 1.32.

Costain Group (LON:COST - Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported GBX 14.50 earnings per share (EPS) for the quarter. Costain Group had a return on equity of 14.87% and a net margin of 3.57%. Sell-side analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current fiscal year.

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.

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