Costain Group (LON:COST) Trading Down 15.2% - What's Next?

Key Points

• Costain Group's stock price dropped by 15.2% on Wednesday, closing at GBX 138.63 ($1.87) after trading as low as GBX 131.88 ($1.78).
• The company reported an earnings per share (EPS) of GBX 5.50 and has a market capitalization of £371.32 million, with insiders selling over 612,435 shares in recent months.
• Costain Group operates in the infrastructure sector, focusing on sustainable solutions across the UK's energy, water, transportation, and defence markets.

Costain Group PLC (LON:COST - Get Free Report)'s stock price fell 15.2% during trading on Wednesday . The stock traded as low as GBX 131.88 ($1.78) and last traded at GBX 138.63 ($1.88). 12,372,210 shares were traded during mid-day trading, an increase of 762% from the average session volume of 1,435,272 shares. The stock had previously closed at GBX 163.40 ($2.21).

Analysts Set New Price Targets

COST has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their target price 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 upped their price objective on shares of Costain Group from GBX 150 to GBX 175 and gave the stock a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of GBX 162.50.

Costain Group Stock Up 1.7%

The stock has a market cap of £351.42 million, a price-to-earnings ratio of 11.71, a PEG ratio of 1.63 and a beta of 2.64. 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's 50-day simple moving average is GBX 153.01 and its two-hundred day simple moving average is GBX 125.48.

Costain Group (LON:COST - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The company reported GBX 5.50 EPS for the quarter. Costain Group had a net margin of 2.33% and a return on equity of 13.56%. On average, sell-side analysts expect that Costain Group PLC will post 13.7551582 EPS for the current fiscal year.

Insider Buying and Selling at Costain Group

In other news, insider Helen Willis sold 100,082 shares of Costain Group stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 142, for a total value of £142,116.44. Also, insider Kate Rock bought 10,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average price of GBX 138 per share, with a total value of £13,800. In the last ninety days, insiders have sold 612,435 shares of company stock worth $87,561,906. Insiders own 6.43% of the company's stock.

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.