Costain Group (LON:COST) Trading 8.9% Higher - What's Next?

Key Points

• Costain Group PLC's share price rose by 8.9% during mid-day trading, with over 3.5 million shares exchanged, significantly above the average volume.
• Analysts have mixed outlooks, with Deutsche Bank raising its price target to GBX 150 and Berenberg Bank setting a buy rating and a target of GBX 175.
• Insider purchases have occurred recently, with notable transactions totaling £32,900, indicating significant insider confidence in the company.

Costain Group PLC (LON:COST - Get Free Report)'s share price traded up 8.9% during mid-day trading on Monday . The stock traded as high as GBX 152.80 ($2.04) and last traded at GBX 152.69 ($2.04). 3,517,564 shares traded hands during trading, an increase of 136% from the average session volume of 1,488,777 shares. The stock had previously closed at GBX 140.20 ($1.87).

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Costain Group from GBX 115 to GBX 150 and gave the stock a "hold" rating in a research note on Thursday, August 21st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 175 price target on shares of Costain Group in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 162.50.

Costain Group Price Performance

The company's 50-day moving average is GBX 140.30 and its 200-day moving average is GBX 132.19. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.40 and a quick ratio of 1.32. The firm has a market capitalization of £415.90 million, a price-to-earnings ratio of 1,356.52, 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 (EPS) for the quarter. Costain Group had a net margin of 2.33% and a return on equity of 13.56%. On average, research analysts expect that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Insider Activity at Costain Group

In other Costain Group news, insider Kate Rock purchased 15,000 shares of the business's stock in a transaction that occurred on Wednesday, August 27th. The shares were purchased at an average price of GBX 132 per share, for a total transaction of £19,800. Also, insider Amanda Fisher purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was acquired at an average price of GBX 131 per share, for a total transaction of £13,100. Insiders purchased 35,000 shares of company stock worth $4,670,000 in the last 90 days. 47.99% of the stock is currently owned by insiders.

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.

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