Castings (LON:CGS) Price Target Cut to GBX 325 by Analysts at Canaccord Genuity Group

Castings (LON:CGS) had its price objective cut by Canaccord Genuity Group from GBX 340 ($4.31) to GBX 325 ($4.12) in a report released on Tuesday morning, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, Canaccord Genuity Group decreased their price objective on shares of Castings from GBX 390 ($4.94) to GBX 340 ($4.31) and set a “buy” rating for the company in a research report on Wednesday, November 13th.

Castings Stock Down 0.4 %

Castings stock opened at GBX 250 ($3.17) on Tuesday. Castings has a 52 week low of GBX 224 ($2.84) and a 52 week high of GBX 404 ($5.12). The firm has a market cap of £109.59 million, a price-to-earnings ratio of 6.58 and a beta of 0.60. The business’s 50-day moving average price is GBX 267.15 and its 200 day moving average price is GBX 286.74.

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.