Costain Group (LON:COST) Trading Up 11.3% - Should You Buy?

Key Points

• Costain Group shares jumped 11.3% intraday to GBX 189.21 (from GBX 170) on Tuesday, with 5,558,028 shares traded — a 128% increase versus average session volume.
• Berenberg raised its price target from GBX 190 to GBX 210 and issued a "buy," while the consensus rating is a Moderate Buy (two Buys, one Hold) with a consensus target of GBX 180.
• The company has a market cap of £504.65M and a P/E of 16.45, reported quarterly EPS of GBX 14.50, and insiders own 47.97% of the stock (including a December insider purchase).

Costain Group PLC (LON:COST - Get Free Report) shot up 11.3% during mid-day trading on Tuesday . The stock traded as high as GBX 191.80 and last traded at GBX 189.21. 5,558,028 shares were traded during mid-day trading, an increase of 128% from the average session volume of 2,435,226 shares. The stock had previously closed at GBX 170.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their price objective on shares of Costain Group from GBX 190 to GBX 210 and gave the stock a "buy" rating in a report on Monday, January 26th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 180.

Costain Group Stock Up 11.3%

The stock has a market cap of £504.65 million, a P/E ratio of 16.45, a PEG ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 9.57, a quick ratio of 1.32 and a current ratio of 1.41. The firm's 50-day moving average is GBX 174.71 and its two-hundred day moving average is GBX 155.53.

Costain Group (LON:COST - Get Free Report) last posted its quarterly earnings results on Tuesday, March 10th. The company reported GBX 14.50 earnings per share for the quarter. Costain Group had a return on equity of 13.06% and a net margin of 2.75%. On average, equities research analysts anticipate that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insider Activity

In other Costain Group news, insider Fiona MacAulay acquired 6,347 shares of the firm's stock in a transaction that occurred on Wednesday, December 10th. The stock was acquired at an average cost of GBX 157 per share, for a total transaction of £9,964.79. 47.97% of the stock is owned by company 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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