Castings (LON:CGS – Get Free Report)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They currently have a GBX 390 target price on the stock. Canaccord Genuity Group‘s price target points to a potential upside of 39.89% from the stock’s current price.
Castings Price Performance
CGS stock opened at GBX 278.79 on Wednesday. The stock has a market cap of £121.21 million, a price-to-earnings ratio of 16.16 and a beta of 0.44. The company has a quick ratio of 2.76, a current ratio of 3.36 and a debt-to-equity ratio of 1.69. Castings has a fifty-two week low of GBX 202.28 and a fifty-two week high of GBX 340. The business has a 50 day moving average price of GBX 283.33 and a 200 day moving average price of GBX 283.
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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