Costain Group (LON:COST) Hits New 1-Year High – Should You Buy?

Costain Group PLC (LON:COST) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 111.50 ($1.45) and last traded at GBX 110 ($1.43), with a volume of 1581029 shares traded. The stock had previously closed at GBX 109 ($1.42).

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Costain Group from GBX 80 ($1.04) to GBX 105 ($1.37) and gave the stock a “hold” rating in a research report on Friday, August 23rd.

Costain Group Price Performance

The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 9.86. The firm’s 50-day moving average price is GBX 102.31 and its two-hundred day moving average price is GBX 91.44. The stock has a market cap of £299.55 million, a PE ratio of 1,004.55, a PEG ratio of 1.63 and a beta of 2.64.

Costain Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 12th were given a dividend of GBX 0.40 ($0.01) per share. This represents a dividend yield of 0.42%. The ex-dividend date of this dividend was Thursday, September 12th. Costain Group’s payout ratio is 909.09%.

Insider Buying and Selling

In other news, insider Helen Willis sold 234,555 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of GBX 107 ($1.39), for a total value of £250,973.85 ($326,703.79). 6.43% of the stock is currently owned by company insiders.

Costain Group Company Profile

Costain Group PLC provides smart infrastructure solutions for the transportation, energy, water, and defense markets in the United Kingdom. The company operates through two segments, Transportation and Natural Resources. The Transportation segment operates in the road, rail, and integrated transport markets.