Costain Group (LON:COST) Sets New 12-Month High - Still a Buy?

Key Points

• Costain Group shares reached a new 52-week high of GBX 265.50 and last traded at GBX 262, supported by significantly higher trading volume.
• Berenberg Bank raised its price target from GBX 240 to GBX 275 and maintained a “Buy” rating; the stock has a consensus “Buy” rating and a GBX 275 target.
• The company reported quarterly EPS of GBX 5.70, with a 3.57% net margin and 14.73% return on equity. Insider Anthony Quinlan also bought 5,692 shares at GBX 262, while insiders collectively own 49.36% of the stock.

Costain Group PLC (LON:COST - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday. The stock traded as high as GBX 265.50 and last traded at GBX 262, with a volume of 6,367,244 shares. The stock had previously closed at GBX 261.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their target price on Costain Group from GBX 240 to GBX 275 and gave the stock a "buy" rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Buy rating. Based on data from MarketBeat, Costain Group has an average rating of "Buy" and a consensus price target of GBX 275.

Costain Group Stock Performance

The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 12.61. The stock has a 50 day simple moving average of GBX 244.65 and a two-hundred day simple moving average of GBX 207.67. The stock has a market capitalization of £687.29 million, a P/E ratio of 18.71, a P/E/G ratio of 1.63 and a beta of 0.83.

Costain Group (LON:COST - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported GBX 5.70 EPS for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.73%. On average, equities analysts forecast that Costain Group PLC will post 13.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Anthony (Tony) James Quinlan purchased 5,692 shares of Costain Group stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of GBX 262 per share, for a total transaction of £14,913.04. 49.36% of the stock is currently owned by corporate insiders.

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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