Costain Group (LON:COST) Price Target Raised to GBX 175 at Berenberg Bank

Key Points

• Berenberg Bank has raised its target price for Costain Group from GBX 150 to GBX 175, reflecting a potential upside of 33.03% from its current price.
• Deutsche Bank has set a new price target of GBX 150 for Costain Group and maintains a "hold" rating on the stock.
• Recent insider selling includes significant transactions by Alex Vaughan and Helen Willis, totaling over £490,000 combined, highlighting potential concerns among company insiders.

Costain Group (LON:COST - Get Free Report) had its price target lifted by equities research analysts at Berenberg Bank from GBX 150 to GBX 175 in a report released on Wednesday, Marketbeat.com reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price target would suggest a potential upside of 34.82% from the stock's current price.

Separately, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Costain Group from GBX 115 to GBX 150 and gave the company a "hold" rating in a report on Thursday, August 21st. 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 MarketBeat.com, Costain Group presently has a consensus rating of "Moderate Buy" and an average target price of GBX 162.50.

Costain Group Trading Down 1.1%

Costain Group stock traded down GBX 1.40 during trading on Wednesday, reaching GBX 129.80. The company had a trading volume of 1,145,146 shares, compared to its average volume of 1,453,638. Costain Group has a 12-month low of GBX 85.40 and a 12-month high of GBX 172.40. The stock's 50 day moving average price is GBX 152.87 and its two-hundred day moving average price is GBX 126.07. The firm has a market capitalization of £347.67 million, a price-to-earnings ratio of 11.59, a PEG ratio of 1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40.

Costain Group (LON:COST - Get Free Report) last released its 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, equities analysts expect 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 Alex Vaughan sold 241,639 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 144, for a total transaction of £347,960.16. Also, insider Kate Rock acquired 10,000 shares of the firm's stock in a transaction on Wednesday, August 20th. The shares were acquired at an average price of GBX 138 per share, with a total value of £13,800. Insiders sold a total of 612,435 shares of company stock worth $87,561,906 over the last ninety days. 6.43% of the stock is 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.