Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Costain ( (GB:COST) ) is now available.
Costain Group PLC has announced the purchase of 167,773 of its ordinary shares as part of its ongoing share buyback program. The shares, bought at a weighted average price of 163.24 pence, will be canceled, reducing the total number of shares in issue to 266,829,275. This move is part of Costain’s strategy to enhance shareholder value and optimize its capital structure.
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 is driven by strong technical indicators and positive corporate events, particularly the share buyback program. Financial performance is stable, though there is room for improvement in profitability and cash flow generation. The valuation is fair, but the dividend yield is low.
To see Spark’s full report on GB:COST stock, click here.
More about Costain
Average Trading Volume: 1,312,613
Technical Sentiment Signal: Buy
Current Market Cap: £454.5M
See more data about COST stock on TipRanks’ Stock Analysis page.