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

Canaccord Genuity Group restated their buy rating on shares of Castings (LON:CGS) in a research note issued to investors on Wednesday morning,Digital Look reports. They currently have a GBX 390 price objective on the stock.

Castings Price Performance

CGS stock opened at GBX 279 on Wednesday. Castings has a 1 year low of GBX 202.28 and a 1 year high of GBX 340. The company has a debt-to-equity ratio of 1.69, a current ratio of 3.36 and a quick ratio of 2.76. The firm has a market capitalization of £121.30 million, a PE ratio of 16.17 and a beta of 0.44. The business has a 50 day simple moving average of GBX 282.51 and a 200-day simple moving average of GBX 282.97.

Castings (LON:CGS) last announced its quarterly earnings data on Wednesday, November 11th. The company reported GBX 3.48 EPS for the quarter. Castings had a return on equity of 5.98% and a net margin of 4.36%. The firm had revenue of GBX 8,595 million for the quarter. Equities research analysts anticipate that Castings will post 17.25 earnings per share for the current fiscal year.

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.