Costain Group (LON:COST) Given Buy Rating at Berenberg Bank

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.com reports. They currently have a GBX 175 price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft upped their price target on 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 assigned a Hold rating to the company. According to MarketBeat.com, Costain Group currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 162.50.

Costain Group Stock Performance

Shares of LON COST traded down GBX 3.60 during midday trading on Monday, hitting GBX 126.20. 673,297 shares of the company's stock traded hands, compared to its average volume of 1,490,388. 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 has a market capitalization of £336.45 million, a price-to-earnings ratio of 1,097.39, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The firm has a fifty day moving average of GBX 149.03 and a 200 day moving average of GBX 128.19. Costain Group has a 1 year low of GBX 85.40 and a 1 year high of GBX 172.40.

Costain Group (LON:COST - Get Free Report) last announced its earnings results 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%. On average, analysts forecast that Costain Group will post 13.7551582 earnings per share for the current year.

Insider Transactions at Costain Group

In other news, insider Amanda Fisher bought 10,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was purchased at an average cost of GBX 131 per share, for a total transaction of £13,100. Also, insider Kate Rock acquired 15,000 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was acquired at an average cost of GBX 132 per share, with a total value of £19,800. In the last three months, insiders have bought 35,000 shares of company stock worth $4,670,000 and have sold 612,435 shares worth $87,561,906. Corporate insiders own 47.99% of the company's stock.

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.