Castings’ (CGS) Buy Rating Reaffirmed at Canaccord Genuity Group

Castings (LON:CGS)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 550 ($6.91) price objective on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 50.68% from the company’s current price.

Castings Price Performance

Shares of CGS stock opened at GBX 365 ($4.58) on Wednesday. The company has a market capitalization of £158.63 million, a PE ratio of 1,043.14 and a beta of 0.58. The firm’s 50-day moving average is GBX 346.39 and its two-hundred day moving average is GBX 358.03. Castings has a 12 month low of GBX 320 ($4.02) and a 12 month high of GBX 428 ($5.38).

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.