Castings’ (CGS) “Buy” Rating Reaffirmed at Canaccord Genuity Group

Castings (LON:CGS)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a report released on Monday, Marketbeat.com reports. They currently have a GBX 390 price objective on the stock. Canaccord Genuity Group‘s price objective would indicate a potential upside of 44.36% from the stock’s current price.

Castings Trading Down 3.2%

Shares of Castings stock opened at GBX 270.15 on Monday. Castings has a 12-month low of GBX 202.28 and a 12-month high of GBX 340. The stock has a market capitalization of £117.45 million, a P/E ratio of 15.66 and a beta of 0.44. The company has a 50-day simple moving average of GBX 290.96 and a 200 day simple moving average of GBX 282.98. The company has a quick ratio of 2.76, a current ratio of 3.36 and a debt-to-equity ratio of 1.69.

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.