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

Costain Group (LON:COST) had its price target hoisted by Berenberg Bank from GBX 240 to GBX 275 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

Costain Group Stock Performance

LON:COST opened at GBX 234.50 on Friday. The company has a fifty day simple moving average of GBX 210.19 and a two-hundred day simple moving average of GBX 196. The company has a market cap of £620.70 million, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.63 and a beta of 0.88. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 12.61. Costain Group has a 52 week low of GBX 124.40 and a 52 week high of GBX 240.

Costain Group (LON:COST) last announced its quarterly earnings data 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 14.73% and a net margin of 3.57%. As a group, equities analysts anticipate that Costain Group will post 13.7551582 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Costain Group news, insider Helen Willis sold 344,645 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total transaction of £692,736.45. Also, insider Amanda Fisher acquired 1,953 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average cost of GBX 204 per share, with a total value of £3,984.12. 49.10% of the stock is currently owned by insiders.

Costain Group Company Profile

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.