Castings P.L.C. (LON:CGS - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 258.07 ($3.49) and traded as high as GBX 271.97 ($3.68). Castings shares last traded at GBX 266.23 ($3.60), with a volume of 12,221 shares traded.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group decreased their price objective on shares of Castings from GBX 340 ($4.60) to GBX 325 ($4.40) and set a "buy" rating for the company in a research report on Tuesday, February 18th.
Read Our Latest Report on CGS
Castings Price Performance
The firm has a market cap of £116.71 million, a PE ratio of 7.00 and a beta of 0.60. The business's 50 day moving average price is GBX 258.07 and its 200 day moving average price is GBX 262.41.
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.
Further Reading
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