Costain Group (LON:COST) Trading Down 4.7% – Here’s Why

Costain Group PLC (LON:COST) fell 4.7% during mid-day trading on Friday . The stock traded as low as GBX 126.33 ($1.71) and last traded at GBX 129 ($1.74). 4,323,770 shares were traded during mid-day trading, an increase of 198% from the average session volume of 1,450,967 shares. The stock had previously closed at GBX 135.40 ($1.83).

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COST. Deutsche Bank Aktiengesellschaft increased their price objective on Costain Group from GBX 115 to GBX 150 and gave the company a “hold” rating in a research note on Thursday. Berenberg Bank upped their price objective on Costain Group from GBX 150 to GBX 175 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 162.50.

Costain Group Trading Up 1.7%

The company has a 50-day moving average price of GBX 153.01 and a 200-day moving average price of GBX 125.67. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The firm has a market capitalization of £351.42 million, a price-to-earnings ratio of 11.71, a PEG ratio of 1.63 and a beta of 2.64.

Costain Group (LON:COST) last posted its earnings results on Wednesday, August 20th. The company reported GBX 5.50 EPS for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. As a group, research analysts forecast that Costain Group PLC will post 13.7551582 EPS for the current fiscal year.

Insider Transactions at Costain Group

In other news, insider Alex Vaughan sold 241,639 shares of Costain Group stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 144, for a total transaction of £347,960.16. Also, insider Helen Willis sold 100,082 shares of Costain Group stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 142, for a total value of £142,116.44. Over the last 90 days, insiders have sold 612,435 shares of company stock worth $87,561,906. Corporate insiders own 6.43% of the company’s stock.

Costain Group Company Profile

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.