Castings (LON:CGS) Insider Steve Mant Sells 6,006 Shares

Castings P.L.C. (LON:CGS) insider Steve Mant sold 6,006 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of GBX 325, for a total value of £19,519.50.

Steve Mant also recently made the following trade(s):

• On Thursday, July 23rd, Steve Mant acquired 5,959 shares of Castings stock. The stock was acquired at an average price of GBX 335 per share, with a total value of £19,962.65.

Castings Stock Down 3.0%

LON:CGS opened at GBX 326 on Friday. The firm’s 50 day simple moving average is GBX 310.77 and its 200 day simple moving average is GBX 277.54. The company has a debt-to-equity ratio of 1.69, a current ratio of 3.36 and a quick ratio of 2.76. Castings P.L.C. has a one year low of GBX 202.28 and a one year high of GBX 340. The company has a market cap of £141.74 million, a PE ratio of 18.90 and a beta of 0.44.

Castings (LON:CGS) last posted its earnings results on Wednesday, June 17th. The company reported GBX 17.36 earnings per share for the quarter. Castings had a net margin of 4.36% and a return on equity of 5.98%. The firm had revenue of £173.23 million for the quarter. On average, research analysts anticipate that Castings P.L.C. will post 17.2492837 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their price objective on Castings from GBX 335 to GBX 390 and gave the company a “buy” rating in a report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 390.

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.