Canaccord Genuity Group Cuts Castings (LON:CGS) Price Target to GBX 325

Castings (LON:CGS) had its price objective lowered by Canaccord Genuity Group from GBX 340 ($4.31) to GBX 325 ($4.12) in a report published on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has a buy rating on the stock.

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

Castings Stock Down 0.4 %

LON CGS 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 company has a 50 day moving average price of GBX 267.15 and a 200 day moving average price of GBX 286.74. The firm has a market cap of £109.59 million, a PE ratio of 6.58 and a beta of 0.60.

Castings Company Profile

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.