Berenberg Bank Forecasts Strong Price Appreciation for Costain Group (LON:COST) Stock

Costain Group (LON:COST) had its target price hoisted by stock analysts at Berenberg Bank from GBX 190 to GBX 210 in a research report issued on Monday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 17.45% from the company’s previous close.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 180 price target on shares of Costain Group in a report on Monday, October 13th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Costain Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 180.

Costain Group Stock Performance

Shares of COST stock opened at GBX 178.80 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 stock has a 50 day simple moving average of GBX 157.94 and a 200-day simple moving average of GBX 150.57. The company has a market cap of £476.89 million, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. Costain Group has a 12-month low of GBX 87.50 and a 12-month high of GBX 181.60.

Insider Buying and Selling at Costain Group

In related news, insider Fiona MacAulay purchased 6,347 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were acquired at an average cost of GBX 157 per share, with a total value of £9,964.79. Corporate insiders own 47.97% 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.