Costain Group (LON:COST) Trading Up 13% - Should You Buy?

Key Points

• Costain Group's share price surged by 13% during trading on Monday, reaching as high as GBX 158.80, significantly increasing the trading volume by 199% compared to the average daily volume.
• Equities analysts have a consensus rating of "Moderate Buy" for Costain Group, with price targets ranging from GBX 150 by Deutsche Bank to GBX 175 by Berenberg Bank.
• Recent insider activity includes the purchase of 35,000 shares by company insiders, indicating confidence in the stock, as 47.99% of shares are currently held by corporate insiders.

Costain Group PLC (LON:COST - Get Free Report)'s share price was up 13% during trading on Monday . The stock traded as high as GBX 158.80 ($2.12) and last traded at GBX 158.40 ($2.11). Approximately 4,470,517 shares changed hands during trading, an increase of 199% from the average daily volume of 1,493,590 shares. The stock had previously closed at GBX 140.20 ($1.87).

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on COST shares. Deutsche Bank Aktiengesellschaft upped their price target on Costain Group from GBX 115 to GBX 150 and gave the stock a "hold" rating in a research note on Thursday, August 21st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 175 price objective on shares of Costain Group in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Costain Group presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 162.50.

Costain Group Price Performance

The stock has a fifty day moving average of GBX 140.30 and a two-hundred day moving average of GBX 132.19. The stock has a market cap of £423.06 million, a price-to-earnings ratio of 1,379.87, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86.

Costain Group (LON:COST - Get Free Report) last posted its earnings results on Wednesday, August 20th. The company reported GBX 5.50 earnings per share for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. On average, equities research analysts anticipate that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insider Buying and Selling at Costain Group

In other news, insider Kate Rock bought 15,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were bought at an average price of GBX 132 per share, with a total value of £19,800. Also, insider Amanda Fisher bought 10,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was purchased at an average cost of GBX 131 per share, for a total transaction of £13,100. Insiders acquired 35,000 shares of company stock worth $4,670,000 in the last three months. 47.99% of the stock is owned by corporate insiders.

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.

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