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

Costain Group PLC (LON:COST - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 203.50 and last traded at GBX 202.50, with a volume of 2631266 shares trading hands. The stock had previously closed at GBX 197.Get Costain Group alerts:Wall Street Analysts Forecast GrowthSeparately, Berenberg Bank upped their price objective on Costain Group from GBX 210 to GBX 240 and gave the stock a "buy" rating in a report on Wednesday, March 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Costain Group has an average rating of "Moderate Buy" and an average target price of GBX 190.Get Our Latest Analysis on Costain GroupCostain Group Price PerformanceThe company has a 50-day simple moving average of GBX 186.75 and a 200-day simple moving average of GBX 164.75. The stock has a market cap of £530.74 million, a PE ratio of 14.57, a PEG ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 9.68, a current ratio of 1.44 and a quick ratio of 1.32. Costain Group (LON:COST - Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported GBX 14.50 earnings per share (EPS) for the quarter. Costain Group had a return on equity of 14.87% and a net margin of 3.57%. Sell-side analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current fiscal year. About Costain Group (Get Free Report)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.Further ReadingFive stocks we like better than Costain GroupThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Costain Group Right Now?Before you consider Costain Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costain Group wasn't on the list.While Costain Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here