Should I buy or sell Castings stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Castings in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CGS shares. View CGS analyst ratings or view top-rated stocks .

What is Castings' stock price target for 2024?

2 Wall Street analysts have issued 12 month price objectives for Castings' shares. Their CGS share price targets range from GBX 550 to GBX 550. On average, they predict the company's share price to reach GBX 550 in the next twelve months. This suggests a possible upside of 49.9% from the stock's current price. View analysts price targets for CGS or view top-rated stocks among Wall Street analysts .

How have CGS shares performed in 2024?

Castings' stock was trading at GBX 365 at the start of the year. Since then, CGS stock has increased by 0.5% and is now trading at GBX 367. View the best growth stocks for 2024 here .

How were Castings' earnings last quarter?

Castings P.L.C. (LON:CGS) released its quarterly earnings data on Wednesday, June, 10th. The company reported $23.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $24.80 by $1.75. Castings had a net margin of 6.81% and a trailing twelve-month return on equity of 12.26%.

How often does Castings pay dividends? What is the dividend yield for Castings?

Castings announced a dividend on Tuesday, November 14th. Investors of record on Thursday, November 23rd will be given a dividend of GBX 4.13 per share on Thursday, January 4th. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 23rd. The official announcement can be viewed at this link . Read our dividend analysis for CGS .

Is Castings a good dividend stock?

Castings (LON:CGS) pays an annual dividend of GBX 18 per share and currently has a dividend yield of 5.25%. CGS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 5,142.86%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for CGS .

What other stocks do shareholders of Castings own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Castings investors own include Autodesk (ADSK) , Merck & Co., Inc. (MRK) , Avation (AVAP) and Alaska Air Group (ALK) .

How do I buy shares of Castings?

Shares of CGS stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock. Compare Top Brokerages Here .

LON:CGS

Castings (CGS) Share Price, News & Analysis

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Free CGS Stock Alerts

GBX 367

+12.00 (+3.38%)

(As of 04/19/2024 ET)

Compare

Today's Range: 355.60
▼
370
50-Day Range: 324
▼
370
52-Week Range: 320
▼
428

Volume: 8,904 shs
Average Volume: 35,162 shs
Market Capitalization: £159.50 million

P/E Ratio: 1,048.57
Dividend Yield: 4.90%
Price Target: GBX 550

Stock Analysis Analyst Forecasts Chart Competitors Dividend Headlines Insider Trades

Get Castings alerts:

Castings MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 49.9% Upside
GBX 550 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.15
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.06 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Castings has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Castings has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for CGS.

1.7

Dividend Strength

Dividend Leadership
Castings is a leading dividend payer. It pays a dividend yield of 5.25%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Castings does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Castings is 5,142.86%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CGS.

1.7

News and Social Media Coverage

News Sentiment
Castings has a news sentiment score of 0.15. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.40 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Castings this week, compared to 1 article on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Castings insiders have not sold or bought any company stock.
Percentage Held by Insiders
21.69% of the stock of Castings is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
55.46% of the stock of Castings is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Castings is 1,048.57, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 145.47.
Price to Earnings Ratio vs. Sector
The P/E ratio of Castings is 1,048.57, which means that it is trading at a more expensive P/E ratio than the Industrials sector average P/E ratio of about 396.05.
Price to Book Value per Share Ratio
Castings has a P/B Ratio of 1.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Castings Stock (LON:CGS)

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. The company primarily serves the commercial vehicle, automotive, and other markets in the United Kingdom, Germany, Sweden, the Netherlands, rest of Europe, North and South America, and internationally. Castings P.L.C. was founded in 1835 and is based in Brownhills, the United Kingdom.

CGS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CGS Stock News Headlines

April 19, 2024 | americanbankingnews.com

Castings (LON:CGS) Stock Crosses Above Fifty Day Moving Average of $343.14

April 18, 2024 | msn.com

Historic Columbus Castings site prepares for next chapter with new tenant

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April 11, 2024 | americanbankingnews.com

Castings (LON:CGS) Stock Crosses Above Fifty Day Moving Average of $343.65

March 27, 2024 | msn.com

Fundamental Radar: What makes Electrosteel Castings a play in industrial pipes space? Narendra Solanki explains

March 14, 2024 | finance.yahoo.com

Castings P.L.C. (LON:CGS) is a favorite amongst institutional investors who own 61%

March 6, 2024 | investing.com

Castings PLC (CGS)

February 20, 2024 | finance.yahoo.com

Castings P.L.C.'s (LON:CGS) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?

April 19, 2024 | Crypto 101 Media (Ad)

SHOCKING Crypto Leak…

January 31, 2024 | wsj.com

Castings PLC

January 24, 2024 | uk.finance.yahoo.com

Global Ductile Iron Castings Industry Showcases Market Leaders and Emerging Trends

January 24, 2024 | finance.yahoo.com

Investing in Castings (LON:CGS) five years ago would have delivered you a 25% gain

December 31, 2023 | finance.yahoo.com

We Ran A Stock Scan For Earnings Growth And Castings (LON:CGS) Passed With Ease

November 17, 2023 | finance.yahoo.com

Castings' (LON:CGS) Upcoming Dividend Will Be Larger Than Last Year's

November 12, 2023 | finance.yahoo.com

There's Been No Shortage Of Growth Recently For Castings' (LON:CGS) Returns On Capital

October 21, 2023 | finance.yahoo.com

Castings P.L.C.'s (LON:CGS) Intrinsic Value Is Potentially 86% Above Its Share Price

October 10, 2023 | marketwatch.com

Castings Sees Performance in Line With Views; Aims to Capitalize on Strong Truck Demand

September 21, 2023 | msn.com

MCU: How Robert Downey Jr. convinced Chris Evans to take Captain America role

September 19, 2023 | msn.com

Fire breaks out at Sivyer Steel Castings in Bettendorf

September 4, 2023 | finance.yahoo.com

Castings P.L.C. (LON:CGS) is largely controlled by institutional shareholders who own 66% of the company

August 15, 2023 | lse.co.uk

Castings hails higher demand from commercial vehicle customers

August 15, 2023 | marketwatch.com

Castings Says Strong Demand Has Continued in Year to Date

August 7, 2023 | finance.yahoo.com

Castings P.L.C. (LON:CGS) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?

July 23, 2023 | finance.yahoo.com

Does Castings (LON:CGS) Deserve A Spot On Your Watchlist?

July 13, 2023 | marketwatch.com

Castings Launches Share Buyback Program

July 8, 2023 | finance.yahoo.com

Those who invested in Castings (LON:CGS) a year ago are up 36%

July 7, 2023 | finance.yahoo.com

Global Wind Turbine Castings Market to Reach $3.4 Billion by 2030

See More Headlines

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Company Calendar

Last Earnings: 6/10/2020
Today: 4/19/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: LON
Sector: Industrials
Industry: Specialty Industrial Machinery
Sub-Industry: N/A
Current Symbol: LON:CGS
CUSIP: N/A
CIK: N/A
Web: www.castings.plc.uk
Phone: +44-1543-374341
Fax: N/A
Employees: 1,251
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: GBX 550
High Stock Price Target: GBX 550
Low Stock Price Target: GBX 550
Potential Upside/Downside: +49.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): GBX 0.35
Trailing P/E Ratio: 1,048.57
Forward P/E Ratio: 12.84
P/E Growth: N/A
Net Income: £15.44 million
Net Margins: 6.81%
Pretax Margin: N/A
Return on Equity: 12.26%
Return on Assets: 7.24%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.11
Quick Ratio: 2.76

Sales & Book Value

Annual Sales: £226.72 million
Price / Sales: 0.70
Cash Flow: GBX 61.55 per share
Price / Cash Flow: 5.96
Book Value: GBX 291 per share
Price / Book: 1.26

Miscellaneous

Outstanding Shares: 43,460,000
Free Float: N/A
Market Cap: £159.50 million
Optionable: Not Optionable
Beta: 0.58

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Key Executives

Mr. Adam Vicary BEng (Age 56)
FICME, M.Sc., CEO, MD of Brownhills & Executive Director
Comp: $414k
Mr. Steve J. Mant B.Com. (Age 49)
BSocSc (Hons), F.C.A., Financial Director, Company Secretary & Executive Director
Comp: $328k

Key Competitors

View All Competitors

Insiders

Steve Mant
Bought 1,150 shares on 10/2/2023
Total: £384,100.00 ($334.00/share)

View All Insider Transactions

CGS Stock Analysis - Frequently Asked Questions

Should I buy or sell Castings stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Castings in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CGS shares.
View CGS analyst ratings or view top-rated stocks.
What is Castings' stock price target for 2024?: 2 Wall Street analysts have issued 12 month price objectives for Castings' shares. Their CGS share price targets range from GBX 550 to GBX 550. On average, they predict the company's share price to reach GBX 550 in the next twelve months. This suggests a possible upside of 49.9% from the stock's current price.
View analysts price targets for CGS or view top-rated stocks among Wall Street analysts.
How have CGS shares performed in 2024?: Castings' stock was trading at GBX 365 at the start of the year. Since then, CGS stock has increased by 0.5% and is now trading at GBX 367.
View the best growth stocks for 2024 here.
How were Castings' earnings last quarter?: Castings P.L.C. (LON:CGS) released its quarterly earnings data on Wednesday, June, 10th. The company reported $23.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $24.80 by $1.75. Castings had a net margin of 6.81% and a trailing twelve-month return on equity of 12.26%.

How often does Castings pay dividends? What is the dividend yield for Castings?: Castings announced a dividend on Tuesday, November 14th. Investors of record on Thursday, November 23rd will be given a dividend of GBX 4.13 per share on Thursday, January 4th. This represents a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, November 23rd. The official announcement can be viewed at this link.
Read our dividend analysis for CGS.
Is Castings a good dividend stock?: Castings (LON:CGS) pays an annual dividend of GBX 18 per share and currently has a dividend yield of 5.25%. CGS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 5,142.86%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CGS.
What other stocks do shareholders of Castings own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Castings investors own include Autodesk (ADSK), Merck & Co., Inc. (MRK), Avation (AVAP) and Alaska Air Group (ALK).
How do I buy shares of Castings?: Shares of CGS stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.
Compare Top Brokerages Here.

This page (LON:CGS) was last updated on 4/19/2024 by MarketBeat.com Staff

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Castings (CGS) Share Price, News & Analysis

Castings MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Castings Stock (LON:CGS)

CGS Stock Price History

CGS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CGS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™