Costain Group (LON:COST) Shares Down 14.3% - What's Next?

Key Points

• Costain Group's shares fell by 14.3%, with trading reaching as low as GBX 135 ($1.82), compared to a previous close of GBX 163.40 ($2.20).
• Insider transactions saw significant share sales, including 100,082 shares sold by insider Helen Willis and 241,639 shares sold by Alex Vaughan.
• The company's market cap is £372.84 million, with a P/E ratio of 12.43, indicating potential concerns about its financial performance.

Costain Group PLC (LON:COST - Get Free Report)'s stock price was down 14.3% during mid-day trading on Wednesday . The stock traded as low as GBX 135 ($1.82) and last traded at GBX 140 ($1.89). Approximately 7,245,514 shares changed hands during mid-day trading, an increase of 416% from the average daily volume of 1,403,429 shares. The stock had previously closed at GBX 163.40 ($2.21).

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COST. Berenberg Bank increased their price target on Costain Group from GBX 150 to GBX 175 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft increased their price target on Costain Group from GBX 115 to GBX 150 and gave the stock a "hold" rating in a report on Thursday. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Costain Group currently has a consensus rating of "Moderate Buy" and an average target price of GBX 162.50.

Costain Group Stock Up 1.7%

The business has a fifty day moving average of GBX 153.01 and a 200 day moving average of GBX 125.85. The company has a market capitalization of £351.42 million, a PE ratio of 11.71, a PEG ratio of 1.63 and a beta of 2.64. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 9.86.

Costain Group (LON:COST - Get Free Report) last posted 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 return on equity of 13.56% and a net margin of 2.33%. Equities research analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current year.

Insider Buying and Selling at Costain Group

In other Costain Group news, insider Alex Vaughan sold 241,639 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 144, for a total value of £347,960.16. Also, insider Helen Willis sold 100,082 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 142, for a total value of £142,116.44. Insiders have sold 612,435 shares of company stock valued at $87,561,906 in the last quarter. Corporate insiders own 6.43% 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.