Costain Group (LON:COST) Receives Buy Rating from Berenberg Bank

Costain Group (LON:COST)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 240 target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 12.41% from the stock’s current price.

Costain Group Stock Performance

COST stock opened at GBX 213.50 on Wednesday. The stock’s 50 day simple moving average is GBX 200.64 and its 200 day simple moving average is GBX 187.40. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 9.68. Costain Group has a 12-month low of GBX 124.40 and a 12-month high of GBX 219.50. The stock has a market capitalization of £568.31 million, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89.

Insider Activity at Costain Group

In related news, insider Fiona MacAulay purchased 4,169 shares of Costain Group stock in a transaction dated Wednesday, April 29th. The stock was purchased at an average cost of GBX 179 per share, for a total transaction of £7,462.51. Also, insider Helen Willis sold 344,645 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of GBX 201, for a total transaction of £692,736.45. 48.83% of the stock is currently owned by insiders.

Costain Group Company Profile

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.