Castings (LON:CGS - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported GBX 9.60 ($0.13) earnings per share for the quarter, Digital Look Earnings reports. Castings had a return on equity of 12.83% and a net margin of 7.45%.
Castings Stock Performance
Shares of Castings stock traded up GBX 9.25 ($0.13) during trading on Thursday, hitting GBX 280.25 ($3.80). 72,200 shares of the company's stock were exchanged, compared to its average volume of 61,213. The stock has a market capitalization of £122.85 million, a price-to-earnings ratio of 7.37 and a beta of 0.60. The business has a 50-day simple moving average of GBX 259.20 and a 200-day simple moving average of GBX 262.55. Castings has a 52-week low of GBX 224 ($3.04) and a 52-week high of GBX 400 ($5.42).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group decreased their target price on Castings from GBX 340 ($4.61) to GBX 325 ($4.41) and set a "buy" rating for the company in a report on Tuesday, February 18th.
Read Our Latest Research Report on CGS
About Castings
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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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