You are here: Home - Investing - Experienced Investor - News -

Stock of the week: Costain

Written by:
Ian Forrest, investment research analyst at The Share Centre, picks British construction and civil engineering solutions provider Costain as stock of the week.

Engineering group Costain has recently reported a record level order book of £3.9bn which the company mainly attributes to the significant number of contract wins in 2016. Such wins include the group’s recent contract to work on Transport for London’s £500m surface transport project which includes the upgrade and maintenance of bridges, tunnels and highways across London.

The firm’s management team attributes the company’s success over 2016 partly to customers increasingly looking to consolidate their supply chains and give more work to reliable companies. Interested investors should appreciate that the firm has also increased its revenues secured for 2017 to over £1.2bn.

As improving the infrastructure system in the UK is a priority for the majority of political parties, Costain looks set to be a beneficiary in future years. We therefore recommend the shares as a long-term buy for a medium risk balanced portfolio.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
UK taxpayer no longer largest shareholder in Lloyds Bank

The government has recovered over £18bn of the £20.3bn taxpayers injected into Lloyds Banking Group during the financial crisis and...