Costain Group (LON:COST) Earns Buy Rating from Berenberg Bank

Costain Group (LON:COST)‘s stock had its “buy” rating reiterated by Berenberg Bank in a report issued on Tuesday,London Stock Exchange reports. They currently have a GBX 240 price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 24.22% from the stock’s previous close.

Costain Group Price Performance

Shares of COST stock opened at GBX 193.20 on Tuesday. Costain Group has a 1 year low of GBX 119 and a 1 year high of GBX 206. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68. The firm’s 50 day moving average is GBX 190.93 and its 200-day moving average is GBX 177.86. The firm has a market capitalization of £516.00 million, a price-to-earnings ratio of 14.10, a PEG ratio of 1.63 and a beta of 0.89.

Costain Group (LON:COST) last released its quarterly earnings results on Tuesday, March 10th. The company reported GBX 14.50 EPS for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. Sell-side analysts forecast that Costain Group will post 13.7551582 EPS for the current fiscal year.

Insider Activity at Costain Group

In related news, insider Fiona MacAulay purchased 4,169 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average cost of GBX 179 per share, with a total value of £7,462.51. Also, insider Helen Willis sold 253,793 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of GBX 197, for a total transaction of £499,972.21. 47.97% of the stock is 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.