UK share prices have got off to another insipid start on Monday. The FTSE 100 for instance is trading at 10-week lows as investors worry about the impact of American plans to ban TikTok on already-fraught US and China relations. More near-term weakness can’t be ruled out as the bickering rolls on and, in the background, Covid-19 continues to wreak havoc. Even a second stock market crash could be just around the corner.
These fears don’t worry me as an investor of UK shares though. History shows us that stock markets always come roaring back following periods of extreme weakness. Just look at the FTSE 100’s doubling in value in the decade following the 2008/2009 banking crisis.
Providing you have a long-term approach to share investing, you should have little to worry about. In fact, I’d argue that the 2020 stock market crash provides a brilliant buying opportunity. It allows you and I to access UK share prices at rock-bottom levels. Then to watch them rocket in value as the economic recovery takes hold.
Too-cheap-to-miss UK share prices!
Indeed, I reckon many UK share prices are too low to miss at current levels. Let me talk you through some top bargain stocks I think long-term investors should consider snapping up today:
- It’s likely that VP will see rental demand for its construction equipment fall during the economic downturn. But I still think it’s worth serious attention at current prices. As well as boasting a forward price-to-earnings (P/E) ratio of 13 times, its dividend yield sits at a meaty 4.8%. I’m backing VP to bounce back strongly though, as the long-term outlook for the housing sector and for infrastructure spending remains extremely robust.
- Those seeking low UK share prices with recession-proof operations should consider buying Water Intelligence as well. It’s involved in the detection and repairing of water leaks and currently trades on a forward PEG of just 0.5. But don’t just think of it as a brilliant defensive buy for the near term. The importance of efficient water infrastructure is growing as the global climate changes. And this AIM share is a great way to play this theme.
- EKF Diagnostics hasn’t suffered during the Covid-19 crisis. Indeed, its share price has gone like the clappers as the pandemic has boosted demand for its medical testing kits. This healthcare marvel is no flash in the pan though. Sales of its products used to test diabetes and other medical conditions should keep rising as global healthcare spending steadily rises. Despite those recent share price gains it remains a steal. EKF trades on a forward PEG of 0.1.
Get rich with some Foolish advice
I consider EKF et al to be irresistible buys at current prices. But they’re just a few of the UK share prices that are cheap for us to buy today. The Motley Fool’s vast library of timely articles and special reports reveals even more top bargains to buy today. So get researching and carry on investing, I say!
Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.