Costain Group (LON:COST) Trading 8.9% Higher – What’s Next?

Costain Group PLC (LON:COST) was up 8.9% during trading on Monday . The company traded as high as GBX 152.80 ($2.04) and last traded at GBX 152.69 ($2.04). Approximately 3,517,564 shares were traded during trading, an increase of 136% from the average daily volume of 1,488,777 shares. The stock had previously closed at GBX 140.20 ($1.87).

Analyst Ratings Changes

A number of research analysts have recently commented on COST shares. Berenberg Bank reissued a “buy” rating and set a GBX 175 target price on shares of Costain Group in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Costain Group from GBX 115 to GBX 150 and gave the stock a “hold” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 162.50.

Costain Group Trading Up 11.3%

The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86. The business’s 50 day moving average is GBX 140.30 and its 200-day moving average is GBX 132.19. The firm has a market cap of £415.90 million, a P/E ratio of 1,356.52, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64.

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

Insiders Place Their Bets

In related news, insider Amanda Fisher purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was acquired at an average price of GBX 131 per share, for a total transaction of £13,100. Also, insider Kate Rock purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was bought at an average price of GBX 132 per share, with a total value of £19,800. In the last 90 days, insiders purchased 35,000 shares of company stock valued at $4,670,000. Insiders own 47.99% of the company’s stock.

About Costain Group

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.