Castings (LON:CGS) Stock Crosses Above 50-Day Moving Average of $403.71
Shares of Castings PLC (LON:CGS) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $403.71 and traded as high as $385.50. Castings shares last traded at $391.00, with a volume of 2,312 shares trading hands.
Separately, Peel Hunt decreased their target price on Castings from GBX 520 ($6.79) to GBX 480 ($6.27) and set a “buy” rating for the company in a research note on Tuesday, September 3rd.
The company has a 50 day moving average of GBX 402.97 and a two-hundred day moving average of GBX 390.88. The firm has a market cap of $170.60 million and a P/E ratio of 15.52.
About Castings (LON:CGS)
Castings P.L.C. engages in iron casting and machining activities. It operates through Foundry Operations and Machining segments. The company offers ductile iron castings, spheroidal graphite (SG) iron castings, austempered ductile iron castings, simo castings, Ni-resist castings, and grey iron castings, as well as aluminum castings.
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