Castings (LON:CGS) PT Lowered to GBX 450

Castings (LON:CGSGet Free Report) had its price objective lowered by Canaccord Genuity Group from GBX 550 ($7.00) to GBX 450 ($5.73) in a research report issued on Wednesday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 28.57% from the stock’s current price.

Castings Price Performance

LON:CGS opened at GBX 350 ($4.46) on Wednesday. Castings has a 12-month low of GBX 320 ($4.07) and a 12-month high of GBX 428 ($5.45). The firm has a market capitalization of £152.11 million, a P/E ratio of 1,000.00 and a beta of 0.55. The business has a 50 day simple moving average of GBX 373.60 and a 200 day simple moving average of GBX 360.76.

Castings Company Profile

(Get Free Report)

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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