Berenberg Bank Reaffirms Buy Rating for Costain Group (LON:COST)

Costain Group (LON:COST)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Monday, MarketBeat.com reports. They presently have a GBX 175 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 36.08% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft lifted their target price on Costain Group from GBX 115 to GBX 150 and gave the company a “hold” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 162.50.

Costain Group Price Performance

COST opened at GBX 128.60 on Monday. 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 firm has a market cap of £342.85 million, a price-to-earnings ratio of 1,118.26, a PEG ratio of 1.63 and a beta of 2.64. The stock’s 50-day moving average price is GBX 150.02 and its 200 day moving average price is GBX 127.91. Costain Group has a 12-month low of GBX 85.40 and a 12-month high of GBX 172.40.

Costain Group (LON:COST) last issued 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%. As a group, sell-side analysts expect that Costain Group will post 13.7551582 earnings per share for the current year.

Insider Activity

In other Costain Group news, insider Kate Rock bought 15,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were bought at an average cost of GBX 132 per share, with a total value of £19,800. Also, insider Amanda Fisher purchased 10,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average price of GBX 131 per share, with a total value of £13,100. Over the last quarter, insiders bought 35,000 shares of company stock worth $4,670,000 and sold 612,435 shares worth $87,561,906. Company insiders own 47.99% 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.