Costain Group (LON:COST) Price Target Raised to GBX 275

Costain Group (LON:COST) had its price target lifted by stock analysts at Berenberg Bank from GBX 240 to GBX 275 in a research note issued on Friday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 15.48% from the stock’s previous close.

Costain Group Trading Up 3.8%

Costain Group stock opened at GBX 238.14 on Friday. The company has a debt-to-equity ratio of 9.68, a quick ratio of 1.32 and a current ratio of 1.44. Costain Group has a fifty-two week low of GBX 124.40 and a fifty-two week high of GBX 239. The stock has a market cap of £630.33 million, a P/E ratio of 17.38, a PEG ratio of 1.63 and a beta of 0.88. The firm’s fifty day moving average price is GBX 209.38 and its 200-day moving average price is GBX 195.73.

Costain Group (LON:COST) last posted its quarterly earnings data on Thursday, August 13th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Costain Group had a return on equity of 14.87% and a net margin of 3.57%. Equities research analysts forecast that Costain Group will post 13.7551582 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Helen Willis sold 344,645 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total value of £692,736.45. Also, insider Alex Vaughan sold 415,015 shares of Costain Group stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of GBX 206, for a total transaction of £854,930.90. Corporate insiders own 49.10% of the company’s stock.

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.