Costain Group (LON:COST) Stock Price Down 15.2% - Here's Why

Key Points

• Costain Group's shares experienced a significant drop of 15.2%, with the stock trading as low as GBX 131.88 ($1.78) on Wednesday.
• Insiders sold a total of 612,435 shares of the company in the last quarter, valued at approximately £87.56 million, indicating a lack of confidence in the stock's future performance.
• The company's current market capitalization stands at £373.38 million with notable financial metrics, including a P/E ratio of 12.44 and a debt-to-equity ratio of 9.86.

Costain Group PLC (LON:COST - Get Free Report)'s share price traded down 15.2% during mid-day trading on Wednesday . The stock traded as low as GBX 131.88 ($1.77) and last traded at GBX 138.63 ($1.86). 12,372,210 shares changed hands during mid-day trading, an increase of 762% from the average session volume of 1,435,272 shares. The stock had previously closed at GBX 163.40 ($2.19).

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Costain Group from GBX 115 to GBX 150 and gave the stock a "hold" rating in a research report on Thursday. Berenberg Bank lifted their price target on shares of Costain Group from GBX 150 to GBX 175 and gave the stock a "buy" rating in a research report on Wednesday. One 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 162.50.

Costain Group Stock Down 4.7%

The business's 50 day moving average is GBX 152.96 and its 200 day moving average is GBX 125.22. 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 cap of £345.52 million, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64.

Costain Group (LON:COST - Get Free Report) last posted 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%. Equities analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insider Buying and Selling at Costain Group

In other news, insider Alex Vaughan sold 241,639 shares of the business's stock in a transaction 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 Helen Willis sold 100,082 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 142, for a total transaction of £142,116.44. Over the last 90 days, insiders have sold 612,435 shares of company stock worth $87,561,906. 6.43% 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.