Castings (LON:CGS) Coverage Initiated by Analysts at Canaccord Genuity

Canaccord Genuity started coverage on shares of Castings (LON:CGS) in a research note released on Monday, Analyst Price Targets reports. The brokerage issued a buy rating and a GBX 530 ($6.92) price target on the stock.

LON CGS opened at GBX 371 ($4.85) on Monday. The company has a market cap of £161.87 million and a PE ratio of 17.92. Castings has a 52 week low of GBX 330 ($4.31) and a 52 week high of GBX 420 ($5.49). The firm’s 50-day simple moving average is GBX 366.35 and its two-hundred day simple moving average is GBX 379.18.

The firm also recently disclosed a dividend, which will be paid on Thursday, January 6th. Shareholders of record on Thursday, November 25th will be issued a dividend of GBX 3.66 ($0.05) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Thursday, November 25th. Castings’s dividend payout ratio (DPR) is presently 0.72%.

In other Castings news, insider Brian J. Cooke acquired 3,000 shares of the company’s stock in a transaction on Monday, October 4th. The shares were acquired at an average cost of GBX 344 ($4.49) per share, with a total value of £10,320 ($13,483.15).

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 castings, spheroidal graphite (SG) iron castings, austempered ductile iron castings, simo castings, grey iron castings, and Ni-resist castings.

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