Costain Group (LON:COST) Trading Down 4.7% – Should You Sell?

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 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).

Analysts Set New Price Targets

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

Costain Group Stock Up 1.7%

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 company has a market capitalization of £351.42 million, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The firm’s fifty day simple moving average is GBX 153.01 and its two-hundred day simple moving average is GBX 125.67.

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 net margin of 2.33% and a return on equity of 13.56%. Sell-side analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current year.

Insider Transactions at Costain Group

In related news, insider Kate Rock acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average cost of GBX 138 per share, for a total transaction of £13,800. Also, insider Helen Willis sold 100,082 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of GBX 142, for a total transaction of £142,116.44. In the last three months, insiders have sold 612,435 shares of company stock worth $87,561,906. 6.43% of the stock is currently owned by insiders.

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.