Berenberg Bank Issues Positive Forecast for Costain Group (LON:COST) Stock Price

Costain Group (LON:COST) had its price target upped by Berenberg Bank from GBX 210 to GBX 240 in a report issued on Wednesday, Marketbeat reports. Berenberg Bank currently has a buy rating on the stock.

Costain Group Trading Up 0.2%

LON:COST opened at GBX 202.50 on Wednesday. Costain Group has a 1 year low of GBX 87.50 and a 1 year high of GBX 203.50. The stock has a market cap of £540.10 million, a P/E ratio of 17.61, a P/E/G ratio of 1.63 and a beta of 0.96. The company has a debt-to-equity ratio of 9.57, a quick ratio of 1.32 and a current ratio of 1.41. The stock has a 50-day simple moving average of GBX 176.39 and a 200-day simple moving average of GBX 156.34.

Costain Group (LON:COST) last posted its earnings results on Tuesday, March 10th. The company reported GBX 14.50 earnings per share for the quarter. Costain Group had a return on equity of 13.06% and a net margin of 2.75%. As a group, analysts anticipate that Costain Group will post 13.7551582 earnings per share for the current fiscal year.

Costain Group News Summary

Here are the key news stories impacting Costain Group this week:

• Positive Sentiment: Berenberg upgraded Costain to a “buy” and raised its price target from GBX 210 to GBX 240 — a clear analyst endorsement that can attract buying interest. Digital Look LSE Broker Ratings
• Positive Sentiment: Costain reports forward work/order book at a record ~£7bn, underpinning revenue visibility and supporting medium-term growth expectations. Order Book Article
• Positive Sentiment: The board announced a GBP20m buyback and increased shareholder payout after a strong year — this reduces share count, signals confidence in cash generation, and is typically supportive for the share price. Buyback Article
• Positive Sentiment: Latest results: Costain reported GBX 14.50 EPS for the quarter with ROE ~13.1% and net margin ~2.8%; management materials and the earnings call/slide deck provide detail on margins and backlog conversion. These fundamentals, together with the other items, help explain recent buying. Earnings Call Transcript Slide Deck

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.