Costain Group - Update Shows Room For Share Price Improvements

Yesterday’s Trading Update from the Costain Group illustrates just how cheap its shares are.

Yesterday’s Trading Update from the Costain Group (LON:COST) surprised the market in its content, certainly enough to help to shoot its shares up 11.40% in response.

And I consider that its shares at 95.50p are still very undervalued and that they should be bought by investors looking for capital growth.

The Business

This Maidenhead-based group, which can trace its roots back to 1865, is one of the UK’s leading construction and engineering companies. 

Although the group’s corporate history includes extensive housebuilding and mining activities, it is now focused on civil engineering and commercial construction projects.