Castings P.L.C. (LON:CGS - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 255.69 ($3.47) and traded as high as GBX 270 ($3.66). Castings shares last traded at GBX 258.50 ($3.51), with a volume of 15,121 shares changing hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group lowered their target price on Castings from GBX 340 ($4.61) to GBX 325 ($4.41) and set a "buy" rating on the stock in a research report on Tuesday, February 18th.
Read Our Latest Research Report on CGS
Castings Price Performance
The business has a 50-day moving average of GBX 255.93 and a 200-day moving average of GBX 262.71. The firm has a market cap of £122.74 million, a price-to-earnings ratio of 7.37 and a beta of 0.60.
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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