Steve Mant Sells 6,006 Shares of Castings (LON:CGS) Stock

Castings P.L.C. (LON:CGS) insider Steve Mant sold 6,006 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of GBX 325, for a total transaction of £19,519.50.

Steve Mant also recently made the following trade(s):

• On Thursday, July 23rd, Steve Mant bought 5,959 shares of Castings stock. The stock was acquired at an average cost of GBX 335 per share, for a total transaction of £19,962.65.

Castings Price Performance

LON:CGS traded down GBX 8 during mid-day trading on Thursday, hitting GBX 328. The company’s stock had a trading volume of 42,217 shares, compared to its average volume of 33,324. Castings P.L.C. has a fifty-two week low of GBX 202.28 and a fifty-two week high of GBX 340. The company has a current ratio of 3.36, a quick ratio of 2.76 and a debt-to-equity ratio of 1.69. The company has a market capitalization of £142.60 million, a price-to-earnings ratio of 19.01 and a beta of 0.44. The stock has a fifty day moving average of GBX 309.57 and a 200-day moving average of GBX 277.17.

Castings (LON:CGS) last released its quarterly earnings data on Wednesday, June 17th. The company reported GBX 17.36 earnings per share for the quarter. Castings had a return on equity of 5.98% and a net margin of 4.36%.The company had revenue of £173.23 million for the quarter. As a group, equities analysts forecast that Castings P.L.C. will post 17.2492837 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group increased their price objective on Castings from GBX 335 to GBX 390 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 390.

About Castings

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.