Berenberg Bank Reiterates Buy Rating for Costain Group (LON:COST)

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Costain Group (LON:COST) with a target price of GBX 175, indicating a potential upside of 34.22%.
• Deutsche Bank has raised their price target for the company from GBX 115 to GBX 150, maintaining a "hold" rating, while the average rating for the stock is currently "Moderate Buy".
• Insiders have significantly sold shares of Costain Group, with over 612,435 shares sold in the last ninety days, while also recording insider purchases worth £13,100.

Berenberg Bank restated their buy rating on shares of Costain Group (LON:COST - Free Report) in a report released on Monday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 175 price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Costain Group from GBX 115 to GBX 150 and gave the stock a "hold" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Costain Group currently has an average rating of "Moderate Buy" and an average price target of GBX 162.50.

Costain Group Stock Performance

COST traded down GBX 3.60 on Monday, hitting GBX 126.20. The company's stock had a trading volume of 673,297 shares, compared to its average volume of 1,490,388. The company's 50 day simple moving average is GBX 149.03 and its 200-day simple moving average is GBX 128.32. The firm has a market cap of £336.45 million, a P/E ratio of 1,097.39, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. Costain Group has a 12 month low of GBX 85.40 and a 12 month high of GBX 172.40. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86.

Costain Group (LON:COST - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The company reported GBX 5.50 EPS for the quarter. Costain Group had a net margin of 2.33% and a return on equity of 13.56%. Analysts forecast that Costain Group will post 13.7551582 EPS for the current year.

Insider Activity

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 Kate Rock bought 15,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was purchased at an average price of GBX 132 per share, for a total transaction of £19,800. Over the last 90 days, insiders have acquired 35,000 shares of company stock valued at $4,670,000 and have sold 612,435 shares valued at $87,561,906. 47.99% of the stock is currently owned by corporate 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.