Canaccord Genuity Group Reiterates Buy Rating for Castings (LON:CGS)

Canaccord Genuity Group reaffirmed their buy rating on shares of Castings (LON:CGS) in a research report released on Wednesday, Marketbeat reports. Canaccord Genuity Group currently has a GBX 550 ($6.91) price target on the stock.

Castings Stock Performance

LON:CGS opened at GBX 377 ($4.74) on Wednesday. Castings has a 52 week low of GBX 320 ($4.02) and a 52 week high of GBX 428 ($5.38). The company has a market capitalization of £163.84 million, a price-to-earnings ratio of 1,060.00 and a beta of 0.58. The company has a 50-day moving average of GBX 346.81 and a 200-day moving average of GBX 358.12.

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.