Castings P.L.C. (LON:CGS) Insider Adam Vicary Acquires 1,500 Shares of Stock

Castings P.L.C. (LON:CGS) insider Adam Vicary bought 1,500 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of GBX 267 ($3.36) per share, for a total transaction of £4,005 ($5,047.26).

Adam Vicary also recently made the following trade(s):

• On Wednesday, September 11th, Adam Vicary acquired 3,500 shares of Castings stock. The stock was purchased at an average price of GBX 300 ($3.78) per share, for a total transaction of £10,500 ($13,232.51).

Castings Stock Performance

Shares of CGS opened at GBX 266 ($3.35) on Friday. The stock has a 50-day simple moving average of GBX 294.37 and a 200-day simple moving average of GBX 337.90. The stock has a market capitalization of £115.60 million, a PE ratio of 700.00 and a beta of 0.60. Castings P.L.C. has a 1 year low of GBX 238 ($3.00) and a 1 year high of GBX 404 ($5.09).

Castings Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, November 21st will be issued a GBX 4.21 ($0.05) dividend. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 21st. Castings’s dividend payout ratio (DPR) is 4,736.84%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their target price on Castings from GBX 390 ($4.91) to GBX 340 ($4.28) and set a “buy” rating for the company in a research note on Wednesday.

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.