Costain Group (LON:COST) Given “Buy” Rating at Berenberg Bank

Costain Group (LON:COST)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 240 price target on the stock. Berenberg Bank’s target price suggests a potential upside of 24.22% from the company’s previous close.

Costain Group Stock Performance

Shares of COST opened at GBX 193.20 on Tuesday. The company has a market capitalization of £516.00 million, a PE ratio of 14.10, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. Costain Group has a one year low of GBX 119 and a one year high of GBX 206. The company has a debt-to-equity ratio of 9.68, a current ratio of 1.44 and a quick ratio of 1.32. The company’s fifty day moving average price is GBX 190.93 and its 200 day moving average price is GBX 177.86.

Costain Group (LON:COST) last announced its earnings results on Tuesday, March 10th. The company reported GBX 14.50 EPS for the quarter. Costain Group had a net margin of 3.57% and a return on equity of 14.87%. As a group, analysts expect that Costain Group will post 13.7551582 earnings per share for the current year.

Insider Activity

In other news, insider Helen Willis sold 253,793 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of GBX 197, for a total transaction of £499,972.21. Also, insider Fiona MacAulay acquired 4,169 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were bought at an average price of GBX 179 per share, for a total transaction of £7,462.51. Insiders own 47.97% of the company’s stock.

About Costain Group

Costain improves people’s lives by creating connected, sustainable infrastructure that enables people and the planet to thrive. Through the delivery of predictable, best-in-class solutions across the transport, water, energy and defence markets, we are creating a sustainable future and securing a more prosperous, resilient and decarbonised UK.

By bringing together our unique mix of construction, consultancy, engineering and digital services, we work strategically with our customers and suppliers to meet critical national needs.