Castings (LON:CGS) Given New GBX 325 Price Target at Canaccord Genuity Group

Castings (LON:CGS) had its price target decreased by Canaccord Genuity Group from GBX 340 ($4.29) to GBX 325 ($4.10) in a report issued on Tuesday, MarketBeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

Separately, Canaccord Genuity Group decreased their price target on shares of Castings from GBX 390 ($4.92) to GBX 340 ($4.29) and set a “buy” rating on the stock in a research note on Wednesday, November 13th.

Castings Price Performance

Castings stock opened at GBX 260 ($3.28) on Tuesday. Castings has a 12-month low of GBX 224 ($2.83) and a 12-month high of GBX 404 ($5.10). The stock has a market capitalization of £113.98 million, a P/E ratio of 6.84 and a beta of 0.60. The firm’s 50-day moving average is GBX 267.40 and its two-hundred day moving average is GBX 288.73.

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.