Castings (LON:CGS) Insider Steve Mant Acquires 5,959 Shares of Stock

Castings P.L.C. (LON:CGS) insider Steve Mant purchased 5,959 shares of Castings stock in a transaction dated Thursday, July 23rd. The shares were purchased at an average cost of GBX 335 per share, with a total value of £19,962.65.

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

• On Wednesday, July 22nd, Steve Mant sold 6,006 shares of Castings stock. The stock was sold at an average price of GBX 325, for a total transaction of £19,519.50.

Castings Trading Down 3.0%

Shares of LON:CGS opened at GBX 326 on Friday. The company has a market cap of £141.74 million, a PE ratio of 18.90 and a beta of 0.44. The company’s 50-day moving average price is GBX 310.77 and its 200 day moving average price is GBX 277.54. Castings P.L.C. has a fifty-two week low of GBX 202.28 and a fifty-two week high of GBX 340. 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 (LON:CGS) last posted its earnings results on Wednesday, June 17th. The company reported GBX 17.36 EPS for the quarter. The firm had revenue of £173.23 million during the quarter. Castings had a net margin of 4.36% and a return on equity of 5.98%. Sell-side analysts anticipate that Castings P.L.C. will post 17.2492837 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.