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

Castings (LON:CGS) had its target price dropped by stock analysts at Canaccord Genuity Group from GBX 340 ($4.29) to GBX 325 ($4.10) in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 25.00% from the company’s previous close.

Separately, Canaccord Genuity Group lowered their price target on Castings from GBX 390 ($4.92) to GBX 340 ($4.29) and set a “buy” rating for the company in a report on Wednesday, November 13th.

Castings Stock Down 9.7 %

LON CGS traded down GBX 28 ($0.35) during mid-day trading on Tuesday, hitting GBX 260 ($3.28). The stock had a trading volume of 253,550 shares, compared to its average volume of 96,552. Castings has a 52-week low of GBX 224 ($2.83) and a 52-week high of GBX 404 ($5.10). The company has a market cap of £113.98 million, a price-to-earnings ratio of 6.84 and a beta of 0.60. The company has a 50 day simple moving average of GBX 267.40 and a 200 day simple moving average of GBX 288.73.

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.