Costain Group (LON:COST) Stock Price Down 15.8% - What's Next?

Key Points

• Costain Group's shares plummeted by 15.8% on Wednesday, closing at GBX 137.60 ($1.86), a significant drop from the previous close of GBX 163.40 ($2.20).
• Trading volume surged to approximately 11.26 million shares, reflecting a 688% increase compared to the average daily volume of 1.43 million shares.
• Insider transactions saw a substantial sell-off, with insiders offloading over 612,000 shares worth approximately $87.56 million in the last three months.

Costain Group PLC (LON:COST - Get Free Report)'s stock price traded down 15.8% during mid-day trading on Wednesday . The company traded as low as GBX 131.88 ($1.78) and last traded at GBX 137.60 ($1.86). 11,262,430 shares traded hands during trading, an increase of 688% from the average session volume of 1,428,379 shares. The stock had previously closed at GBX 163.40 ($2.21).

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Berenberg Bank increased their price target on Costain Group from GBX 150 to GBX 175 and gave the stock a "buy" rating in a research report on Wednesday. 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 research report on Thursday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 162.50.

Costain Group Stock Up 1.7%

The firm has a 50 day simple moving average of GBX 153.01 and a two-hundred day simple moving average of GBX 125.67. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86. The stock has a market capitalization of £351.42 million, a P/E ratio of 11.71, a PEG ratio of 1.63 and a beta of 2.64.

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 for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. On average, equities research analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insiders Place Their Bets

In other Costain Group news, insider Helen Willis sold 100,082 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 142, for a total transaction of £142,116.44. Also, insider Alex Vaughan sold 241,639 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 144, for a total value of £347,960.16. Insiders sold 612,435 shares of company stock worth $87,561,906 over the last three months. 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.