Costain Secures Extension for Anglian Water Pipeline Project

Costain ( (GB:COST) ) has provided an announcement.

Costain Group PLC, as part of the Strategic Pipeline Alliance, has secured an extension to its contract with Anglian Water to deliver an additional 260 kilometers of strategic pipeline in the East of England. This project aims to enhance water resilience by transferring water from wetter to drier regions, addressing critical national needs related to drought and climate change. This extension builds on Costain’s existing work and strengthens its position in the water industry, aligning with the company’s focus on sustainable infrastructure and supporting water companies in meeting regulatory commitments.

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 strong corporate events and stable financial performance are key strengths, enhancing its market positioning and strategic growth prospects. Positive technical indicators and attractive valuation metrics further support a favorable outlook. However, the modest profitability margins and declining cash flow efficiency highlight areas for future improvement.

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

More about Costain

Costain is a company focused on creating connected and sustainable infrastructure solutions across the UK’s transport, energy, water, and defence markets. They combine construction, consulting, and digital expertise to deliver efficient and practical solutions that enhance infrastructure performance.

Average Trading Volume: 1,137,863

Technical Sentiment Signal: Buy

Current Market Cap: £333.1M

Find detailed analytics on COST stock on TipRanks’ Stock Analysis page.