Costain Group (LON:COST) Reaches New 12-Month High - What's Next?

Key Points

• Costain Group shares reached a new 52-week high of GBX 241.50, up from the previous close of GBX 225.50, with more than 1.2 million shares traded.
• Berenberg raised its price target from GBX 240 to GBX 275 and maintained a “Buy” rating; analysts have a consensus “Buy” rating, though the average target remains GBX 227.50.
• The company reported quarterly EPS of GBX 5.70, a 3.57% net margin and 14.73% return on equity. Insider ownership stands at 49.35%, following a large share sale by one insider and a smaller purchase by another.

Costain Group PLC (LON:COST - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 241.50 and last traded at GBX 241.50, with a volume of 1214262 shares traded. The stock had previously closed at GBX 225.50.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their price objective on shares of Costain Group from GBX 240 to GBX 275 and gave the stock a "buy" rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of GBX 227.50.

Costain Group Stock Performance

The firm's 50 day moving average price is GBX 219.66 and its 200-day moving average price is GBX 202.66. The firm has a market cap of £635.51 million, a price-to-earnings ratio of 17.25, a P/E/G ratio of 1.63 and a beta of 0.89. The company has a debt-to-equity ratio of 12.61, a current ratio of 1.40 and a quick ratio of 1.32.

Costain Group (LON:COST - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported GBX 5.70 earnings per share for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.73%. On average, analysts anticipate that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insider Activity

In other news, insider Alex Vaughan sold 415,015 shares of Costain Group stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of GBX 206, for a total transaction of £854,930.90. Also, insider Amanda Fisher bought 1,953 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of GBX 204 per share, with a total value of £3,984.12. 49.35% of the stock is currently 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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