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Costain ( (GB:COST) ) has issued an update.
Costain Group PLC has executed a share buyback program, purchasing 125,567 ordinary shares at a weighted average price of 143.58 pence per share on the London Stock Exchange. The purchased shares will be canceled, reducing the total number of shares in issue to 272,485,816. This move is part of Costain’s strategy to optimize its capital structure and potentially enhance 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 strong technical indicators and positive corporate events are the primary drivers of its solid stock score. The company’s stable financial performance and attractive valuation further contribute to its investment appeal, despite some challenges in profitability and cash flow efficiency.
To see Spark’s full report on GB:COST stock, click here.
More about Costain
Costain Group PLC operates in the infrastructure industry, providing smart infrastructure solutions across the UK. The company focuses on delivering integrated services in the areas of transportation, energy, water, and defense, aiming to improve the nation’s infrastructure and enhance its sustainability.
Average Trading Volume: 1,259,447
Technical Sentiment Signal: Buy
Current Market Cap: £393.1M
For an in-depth examination of COST stock, go to TipRanks’ Overview page.