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

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

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

• On Wednesday, September 11th, Adam Vicary bought 3,500 shares of Castings stock. The stock was bought at an average cost of GBX 300 ($3.78) per share, with a total value of £10,500 ($13,232.51).

Castings Price Performance

LON CGS opened at GBX 266 ($3.35) on Monday. The company 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 12-month low of GBX 238 ($3.00) and a 12-month high of GBX 404 ($5.09). The firm’s 50 day moving average is GBX 294.37 and its 200-day moving average is GBX 337.64.

Castings Cuts Dividend

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

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their price objective on Castings from GBX 390 ($4.91) to GBX 340 ($4.28) and set a “buy” rating for the company in a research report on Wednesday, November 13th.

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.