Castings (LON:CGS) Insider Sells £19,519.50 in Stock

Castings P.L.C. (LON:CGS) insider Steve Mant sold 6,006 shares of the firm’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 shares were bought at an average price of GBX 335 per share, with a total value of £19,962.65.

Castings Trading Down 4.6%

Castings stock opened at GBX 311 on Friday. The company has a current ratio of 3.36, a quick ratio of 2.76 and a debt-to-equity ratio of 1.69. The business’s fifty day simple moving average is GBX 311.65 and its two-hundred day simple moving average is GBX 277.78. Castings P.L.C. has a 12 month low of GBX 202.28 and a 12 month high of GBX 340. The company has a market capitalization of £135.21 million, a price-to-earnings ratio of 18.03 and a beta of 0.44.

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price objective on shares of Castings from GBX 335 to GBX 390 and gave the company a “buy” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently 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.