Costain Group (LON:COST) Stock Price Down 16.1% - What's Next?

Key Points

• Costain Group's shares fell by 16.1% during trading on Wednesday, closing at GBX 137.10 ($1.85), a decline from the previous close of GBX 163.40 ($2.20).
• Insider transactions indicate significant selling activity, with insiders selling a total of 612,435 shares valued at approximately $87.56 million in the last three months.
• The company's market capitalization stands at £370.17 million, with a PE ratio of 12.34 and a high debt-to-equity ratio of 9.86.

Costain Group PLC (LON:COST - Get Free Report) dropped 16.1% during mid-day trading on Wednesday . The company traded as low as GBX 131.88 ($1.78) and last traded at GBX 137.10 ($1.85). Approximately 9,494,739 shares changed hands during mid-day trading, an increase of 570% from the average daily volume of 1,417,399 shares. The stock had previously closed at GBX 163.40 ($2.21).

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Berenberg Bank increased their target price on shares of Costain Group from GBX 150 to GBX 175 and gave the stock a "buy" rating in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft boosted their price target on Costain Group from GBX 115 to GBX 150 and gave the company a "hold" rating in a research note on Thursday. One equities research 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 presently has an average rating of "Moderate Buy" and an average target price 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 125.85. 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. 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 posted its quarterly earnings results on Wednesday, August 20th. The company reported GBX 5.50 EPS 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.

Insider Transactions at Costain Group

In related news, insider Alex Vaughan sold 241,639 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were 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 that occurred 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 sold 612,435 shares of company stock valued at $87,561,906. 6.43% of the stock is currently owned by 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.