Castings (LON:CGS) Given New GBX 325 Price Target at Canaccord Genuity Group

Castings (LON:CGS - Get Free Report) had its price objective decreased by analysts at Canaccord Genuity Group from GBX 340 ($4.30) to GBX 325 ($4.11) in a report released on Tuesday, Marketbeat reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 27.95% from the stock's current price.

Separately, Canaccord Genuity Group lowered their price target on Castings from GBX 390 ($4.93) to GBX 340 ($4.30) and set a "buy" rating for the company in a report on Wednesday, November 13th.

Castings Price Performance

Shares of Castings stock traded up GBX 5 ($0.06) during trading hours on Tuesday, hitting GBX 254 ($3.21). The company's stock had a trading volume of 71,959 shares, compared to its average volume of 88,698. Castings has a 12 month low of GBX 224 ($2.83) and a 12 month high of GBX 404 ($5.10). The stock has a 50 day moving average of GBX 266.96 and a 200 day moving average of GBX 286.07. The company has a market capitalization of £111.35 million, a PE ratio of 6.68 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.