Costain Group (LON:COST) Given New GBX 275 Price Target at Berenberg Bank

Costain Group (LON:COST) had its target price upped by analysts at Berenberg Bank from GBX 240 to GBX 275 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 15.48% from the stock’s previous close.

Costain Group Price Performance

Costain Group stock opened at GBX 238.14 on Friday. The business’s 50 day simple moving average is GBX 209.38 and its 200 day simple moving average is GBX 195.73. Costain Group has a 12 month low of GBX 124.40 and a 12 month high of GBX 239. The company has a market cap of £630.33 million, a price-to-earnings ratio of 17.38, a PEG ratio of 1.63 and a beta of 0.88. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68.

Costain Group (LON:COST) last released its earnings results on Thursday, August 13th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Costain Group had a return on equity of 14.87% and a net margin of 3.57%. Sell-side analysts forecast that Costain Group will post 13.7551582 EPS for the current year.

Insider Transactions at Costain Group

In related news, insider Amanda Fisher acquired 1,953 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average cost of GBX 204 per share, for a total transaction of £3,984.12. Also, insider Alex Vaughan sold 415,015 shares of the stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of GBX 206, for a total value of £854,930.90. Corporate insiders own 49.10% 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.