Costain Group (LON:COST) Stock Price Down 1.3% - What's Next?

Key Points

• Costain Group's stock declined by 1.3% during mid-day trading, with the stock last priced at GBX 163.40 ($2.20).
• The company experienced a 47% increase in trading volume compared to its average daily volume, with approximately 2,011,397 shares traded.
• Recent insider transactions revealed that executives sold a combined total of 612,435 shares valued at nearly £87.6 million in the last 90 days.

Costain Group PLC (LON:COST - Get Free Report) fell 1.3% during mid-day trading on Wednesday . The stock traded as low as GBX 158.20 ($2.14) and last traded at GBX 163.40 ($2.21). 2,011,397 shares were traded during trading, an increase of 47% from the average session volume of 1,366,916 shares. The stock had previously closed at GBX 165.60 ($2.24).

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COST. Deutsche Bank Aktiengesellschaft increased 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 increased 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, August 20th. 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.com, Costain Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 162.50.

Costain Group Price Performance

The company's 50 day moving average price is GBX 153.01 and its 200-day moving average price is GBX 125.85. The stock has a market cap of £351.42 million, a P/E ratio of 11.71, a P/E/G 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 released its quarterly 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%. As a group, sell-side 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 Alex Vaughan sold 241,639 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 144, for a total transaction 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 stock was sold at an average price of GBX 142, for a total transaction of £142,116.44. In the last 90 days, insiders sold 612,435 shares of company stock worth $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.