Costain Group PLC (LON:COST - Get Free Report)'s share price dropped 4.7% during mid-day trading on Friday . The stock traded as low as GBX 126.33 ($1.70) and last traded at GBX 129 ($1.74). Approximately 4,323,770 shares were traded during trading, an increase of 198% from the average daily volume of 1,450,967 shares. The stock had previously closed at GBX 135.40 ($1.83).
Wall Street Analysts Forecast Growth
COST has been the subject of several analyst reports. Berenberg Bank raised their price target on shares of 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 lifted their price objective on shares of Costain Group from GBX 115 to GBX 150 and gave the company a "hold" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Costain Group currently has a consensus rating of "Moderate Buy" and an average target price of GBX 162.50.
Read Our Latest Research Report on Costain Group
Costain Group Stock Up 1.8%
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 firm has a market cap of £354.10 million, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The stock's 50 day simple moving average is GBX 152.66 and its 200 day simple moving average is GBX 126.09.
Costain Group (LON:COST - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The company reported GBX 5.50 earnings per share (EPS) for the quarter. Costain Group had a net margin of 2.33% and a return on equity of 13.56%. Research analysts anticipate that Costain Group PLC will post 13.7551582 EPS for the current year.
Insiders Place Their Bets
In related news, insider Helen Willis sold 100,082 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 142, for a total value of £142,116.44. Also, insider Kate Rock purchased 10,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was bought at an average cost of GBX 138 per share, for a total transaction of £13,800. Insiders have sold 612,435 shares of company stock valued at $87,561,906 in the last three months. 6.43% of the stock is currently owned by insiders.
About Costain Group
(
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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.
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