Canaccord Genuity Group Reaffirms Buy Rating for Castings (LON:CGS)

Castings (LON:CGS)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a research note issued on Monday, Marketbeat reports. They presently have a GBX 390 target price on the stock. Canaccord Genuity Group‘s target price would suggest a potential upside of 39.78% from the stock’s current price.

Castings Stock Up 0.7%

Shares of LON:CGS traded up GBX 2 on Monday, hitting GBX 279. 138,247 shares of the company traded hands, compared to its average volume of 37,662. The company has a market cap of £121.30 million, a PE ratio of 16.17 and a beta of 0.44. 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 has a 52 week low of GBX 202.28 and a 52 week high of GBX 340. The stock has a 50 day simple moving average of GBX 290.96 and a 200-day simple moving average of GBX 282.98.

About Castings

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.