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Costain ( (GB:COST) ) has shared an announcement.
Costain Group PLC announced that shareholders have opted to receive 432,388 ordinary shares as part of the scrip dividend scheme for the final dividend of 2024, instead of cash. This move, approved at the 2025 Annual General Meeting, will see these new shares listed on the London Stock Exchange, potentially impacting the company’s liquidity and shareholder value.
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 bolstered by a robust financial structure and strategic corporate developments. While the company demonstrates strong potential with recent contract wins and a solid balance sheet, caution is advised due to modest profit margins and declining cash flow efficiency. Technical indicators and valuation suggest the stock is reasonably priced, but high RSI warrants attention.
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. The company focuses on sectors such as transportation, energy, and water, aiming to deliver integrated solutions to complex problems.
Average Trading Volume: 1,230,193
Technical Sentiment Signal: Buy
Current Market Cap: £335.3M
For an in-depth examination of COST stock, go to TipRanks’ Stock Analysis page.