Costain Group’s (COST) “Buy” Rating Reaffirmed at Berenberg Bank

Costain Group (LON:COST)‘s stock had its “buy” rating reaffirmed by research analysts at Berenberg Bank in a research note issued on Monday, Marketbeat Ratings reports. They presently have a GBX 175 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 36.08% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Costain Group from GBX 115 to GBX 150 and gave the company a “hold” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 162.50.

Costain Group Stock Performance

Shares of COST stock opened at GBX 128.60 on Monday. The stock’s 50-day moving average is GBX 150.02 and its two-hundred day moving average is GBX 127.91. Costain Group has a fifty-two week low of GBX 85.40 and a fifty-two week high of GBX 172.40. The firm has a market cap of £342.85 million, a P/E ratio of 1,118.26, a PEG ratio of 1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.40 and a quick ratio of 1.32.

Costain Group (LON:COST) 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%. Analysts predict that Costain Group will post 13.7551582 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Alex Vaughan sold 241,639 shares of Costain Group stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 144, for a total transaction of £347,960.16. Also, insider Amanda Fisher purchased 10,000 shares of the stock in a transaction on Tuesday, August 26th. The stock was acquired at an average price of GBX 131 per share, with a total value of £13,100. In the last ninety days, insiders have purchased 35,000 shares of company stock valued at $4,670,000 and have sold 612,435 shares valued at $87,561,906. Company insiders own 47.99% of the company’s stock.

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.