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

Key Points

• Costain Group shares reached a new 52-week high of GBX 170.80 ($2.29), reflecting strong trading volume of 1,933,298 shares.
• The company's market capitalization stands at £454.59 million with a P/E ratio of 15.15, indicating positive market performance.
• Insiders have sold a total of 612,435 shares worth approximately $87.5 million over the past 90 days, raising concerns about insider confidence.

Costain Group PLC (LON:COST - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 170.80 ($2.31) and last traded at GBX 169.72 ($2.30), with a volume of 1933298 shares changing hands. The stock had previously closed at GBX 166.20 ($2.25).

Costain Group Trading Up 2.1%

The company has a market cap of £444.09 million, a price-to-earnings ratio of 14.80, a PEG ratio of 1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The business's 50 day moving average price is GBX 150.53 and its 200-day moving average price is GBX 123.29.

Insider Transactions at Costain Group

In other news, insider Alex Vaughan sold 241,639 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 144 ($1.95), for a total value of £347,960.16 ($470,789.01). Also, insider Helen Willis sold 100,082 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 142 ($1.92), for a total transaction of £142,116.44 ($192,283.10). In the last three months, insiders have sold 612,435 shares of company stock worth $87,561,906. Insiders own 6.43% of the company's stock.

About Costain Group

Costain helps to improve people's lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK's energy, water, transportation and defence markets.