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An update from Costain ( (GB:COST) ) is now available.
Costain Group PLC has completed its £10 million share buyback program, purchasing a total of 6,395,100 ordinary shares for cancellation. This move reduces the company’s total number of shares in issue to 266,603,375, potentially enhancing shareholder value and indicating a strong financial position.
The most recent analyst rating on (GB:COST) stock is a Hold with a £1.05 price target. To see the full list of analyst forecasts on Costain stock, see the GB:COST Stock Forecast page.
Spark’s Take on GB:COST Stock
According to Spark, TipRanks’ AI Analyst, GB:COST is a Outperform.
Costain’s overall stock score reflects a stable financial performance, positive technical indicators, and strategic corporate actions like share buybacks and increased institutional investment. While the valuation is fair, the modest margins and declining cash flow efficiency suggest areas for improvement.
To see Spark’s full report on GB:COST stock, click here.
More about Costain
Costain Group PLC operates in the infrastructure sector, providing engineering solutions and services primarily focused on the UK market. The company is involved in delivering integrated smart infrastructure solutions across various sectors including transportation, energy, and water.
Average Trading Volume: 1,226,535
Technical Sentiment Signal: Buy
Current Market Cap: £442.4M
For a thorough assessment of COST stock, go to TipRanks’ Stock Analysis page.