Costain Group PLC (LON:COST) hit a new 52-week low during mid-day trading on Friday after Liberum Capital lowered their price target on the stock from GBX 545 to GBX 350. Liberum Capital currently has a buy rating on the stock. Costain Group traded as low as GBX 171.20 ($2.24) and last traded at GBX 174.20 ($2.28), with a volume of 7099422 shares. The stock had previously closed at GBX 307 ($4.01).
A number of other analysts also recently issued reports on the stock. Peel Hunt restated a “buy” rating on shares of Costain Group in a report on Monday, June 17th. Numis Securities restated an “add” rating on shares of Costain Group in a report on Friday, May 31st.
In related news, insider Anthony Bickerstaff sold 12,762 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of GBX 357 ($4.66), for a total transaction of £45,560.34 ($59,532.65). Also, insider Andrew Wyllie sold 34,594 shares of the stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of GBX 355 ($4.64), for a total transaction of £122,808.70 ($160,471.32).
Costain Group Company Profile (LON:COST)
Costain Group PLC provides engineering solutions for various energy, water, and transportation infrastructures in the United Kingdom, Spain, and internationally. It operates in two segments, Infrastructure and Natural Resources. The Infrastructure division operates in the highways, rail, and nuclear markets.
See Also: What is the Federal Reserve?
Receive News & Ratings for Costain Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costain Group and related companies with MarketBeat.com's FREE daily email newsletter.