Costain Secures New Four-Year Refinancing Agreement

An update from Costain ( (GB:COST) ) is now available.

Costain Group PLC has successfully refinanced its bank and bonding facilities, securing a new four-year agreement until September 2029, with an option to extend for an additional year. The new facility agreements, which replace the previous three-year agreements, include a £100m revolving credit facility and bonding facilities totaling £295m. This refinancing, which includes Banco de Sabadell as a new banking partner, reflects strong lender confidence in Costain’s business model and strategic plans.

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 is a company focused on creating connected, sustainable infrastructure that enhances the performance of the UK’s transport, energy, water, and defence markets. They provide pioneering solutions by combining construction, consulting, and digital expertise to address customer challenges and improve infrastructure performance.

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.