Costain Group PLC Announces Change in Major Shareholder Voting Rights

Costain ( (GB:COST) ) has shared an update.

Costain Group PLC has announced a change in the voting rights held by Ennismore Fund Management Limited, which has reduced its stake from 5.82% to 4.66%. This adjustment in holdings may impact Costain’s shareholder dynamics and influence within the company, reflecting Ennismore’s strategic financial decisions.

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 of 79 reflects strong corporate events and solid technical analysis indicators, alongside stable financial performance. The company’s strategic wins and refinancing efforts bolster its market position, while reasonable valuation metrics support a favorable risk-reward balance.

To see Spark’s full report on GB:COST stock, click here.

More about Costain

Costain Group PLC is a UK-based company operating in the infrastructure sector, primarily providing smart infrastructure solutions. The company focuses on delivering integrated services across the lifecycle of infrastructure projects, including design, consultancy, construction, and maintenance, catering to sectors such as transportation, energy, and water.

Average Trading Volume: 1,167,159

Technical Sentiment Signal: Buy

Current Market Cap: £339.6M

For an in-depth examination of COST stock, go to TipRanks’ Stock Analysis page.