Castings (LON:CGS – Get Free Report) had its price objective raised by investment analysts at Canaccord Genuity Group from GBX 335 to GBX 390 in a research report issued on Wednesday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 21.88% from the company’s current price.
Castings Stock Down 1.8%
CGS opened at GBX 320 on Wednesday. Castings has a fifty-two week low of GBX 202.28 and a fifty-two week high of GBX 333. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.77 and a quick ratio of 2.76. The firm’s fifty day moving average price is GBX 270.22 and its two-hundred day moving average price is GBX 266.32. The company has a market capitalization of £139.13 million, a P/E ratio of 28.99 and a beta of 0.43.
Insiders Place Their Bets
In other Castings news, insider Adam Vicary purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were purchased at an average price of GBX 220 per share, for a total transaction of £11,000. 1.05% of the stock is owned by corporate insiders.
About Castings
Castings P.L.C. engages in the iron casting and machining activities. It operates through Foundry Operations and Machining Operations segments. The company offers ductile iron, spheroidal graphite iron, austempered ductile iron, SiMo, and Ni-resist castings. It also provides fertilising solution annealing, pearlitic quench and temper, temper softening, and austempering heat treatment services; automotive standard e-coat and powder coating, galvanising, plating, gas based surface treatment, and plastic and metal spray coating services; and assembly and insulation services.
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