Costain Group (LON:COST) Stock Price Down 17.1% – Should You Sell?

Costain Group PLC (LON:COST) shares fell 17.1% on Thursday . The company traded as low as GBX 134 ($1.80) and last traded at GBX 135.40 ($1.82). 12,026,422 shares were traded during mid-day trading, an increase of 739% from the average session volume of 1,433,124 shares. The stock had previously closed at GBX 163.40 ($2.20).

Wall Street Analyst Weigh In

COST has been the subject of several recent research reports. Berenberg Bank lifted their price objective on Costain Group from GBX 150 to GBX 175 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on Costain Group from GBX 115 to GBX 150 and gave the stock a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 162.50.

Costain Group Price Performance

The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The stock’s 50-day moving average is GBX 152.96 and its two-hundred day moving average is GBX 124.99. The stock has a market cap of £352.34 million, a PE ratio of 11.74, a PEG ratio of 1.63 and a beta of 2.64.

Costain Group (LON:COST) last released its quarterly earnings results on Wednesday, August 20th. The company reported GBX 5.50 EPS for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. On average, equities analysts predict that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insider Activity at Costain Group

In other Costain Group news, insider Helen Willis sold 100,082 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 142, for a total value of £142,116.44. Also, insider Alex Vaughan sold 241,639 shares of Costain Group stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 144, for a total transaction of £347,960.16. Insiders have sold a total of 612,435 shares of company stock valued at $87,561,906 in the last quarter. 6.43% of the stock is currently owned by company insiders.

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.