tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

UBS Increases Stake in Costain Group PLC

Story Highlights
UBS Increases Stake in Costain Group PLC

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Costain ( (GB:COST) ) just unveiled an announcement.

UBS Group AG, through its investment bank and global wealth management division, has increased its voting rights in Costain Group PLC to 6.602084%, crossing a previous threshold of 5.963286%. This change in voting rights indicates a significant stake in Costain, potentially impacting the company’s governance and strategic decisions, and reflecting UBS’s confidence in Costain’s market position.

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 Group PLC is a UK-based company operating in the construction and engineering industry, providing infrastructure development and consultancy services. The company focuses on delivering integrated solutions across various sectors, including transportation, energy, and water.

Average Trading Volume: 1,137,863

Technical Sentiment Signal: Buy

Current Market Cap: £333.1M

Learn more about COST stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1