Castings (LON:CGS) Stock Keeps “Buy” Rating at Canaccord Genuity Group

Castings (LON:CGS)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a research report issued on Monday, London Stock Exchange reports. They currently have a GBX 390 price target on the stock. Canaccord Genuity Group‘s price target points to a potential upside of 39.78% from the company’s current price.

Castings Price Performance

LON CGS traded up GBX 2 during midday trading on Monday, hitting GBX 279. The company had a trading volume of 135,173 shares, compared to its average volume of 37,647. The firm has a 50-day moving average price of GBX 291.34 and a 200-day moving average price of GBX 293.28. The company has a market capitalization of £121.30 million, a PE ratio of 16.17 and a beta of 0.44. The company has a current ratio of 3.36, a quick ratio of 2.76 and a debt-to-equity ratio of 1.69. Castings has a twelve month low of GBX 202.28 and a twelve month high of GBX 340.

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.