Costain Group’s (COST) Buy Rating Reiterated at Berenberg Bank

Costain Group (LON:COST)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They currently have a GBX 240 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 12.41% from the company’s current price.

Costain Group Trading Up 3.1%

Shares of LON:COST opened at GBX 213.50 on Wednesday. The stock’s 50-day simple moving average is GBX 200.64 and its two-hundred day simple moving average is GBX 187.40. The stock has a market capitalization of £568.31 million, a price-to-earnings ratio of 15.58, a PEG ratio of 1.63 and a beta of 0.89. Costain Group has a 52-week low of GBX 124.40 and a 52-week high of GBX 219.50. The company has a debt-to-equity ratio of 9.68, a quick ratio of 1.32 and a current ratio of 1.44.

Insider Buying and Selling at Costain Group

In related news, 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. Also, insider Fiona MacAulay bought 4,169 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were acquired at an average price of GBX 179 per share, with a total value of £7,462.51. 48.83% of the stock is owned by insiders.

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.