Castings P.L.C. (LON:CGS - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 265.79 ($3.35) and traded as high as GBX 289 ($3.65). Castings shares last traded at GBX 286.50 ($3.61), with a volume of 59,043 shares.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group decreased their target price on Castings from GBX 390 ($4.92) to GBX 340 ($4.29) and set a "buy" rating on the stock in a research report on Wednesday, November 13th.
Read Our Latest Stock Report on Castings
Castings Price Performance
The stock has a 50-day simple moving average of GBX 267.40 and a 200 day simple moving average of GBX 288.73. The company has a market capitalization of £126.25 million, a PE ratio of 7.58 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.
Further Reading
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