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

Castings (LON:CGS) had its target price dropped by equities research analysts at Canaccord Genuity Group from GBX 340 ($4.29) to GBX 325 ($4.10) in a research note issued on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 25.00% from the stock’s current price.

Separately, Canaccord Genuity Group cut their price objective on Castings from GBX 390 ($4.92) to GBX 340 ($4.29) and set a “buy” rating on the stock in a report on Wednesday, November 13th.

Castings Price Performance

Shares of CGS stock traded down GBX 28 ($0.35) on Tuesday, hitting GBX 260 ($3.28). The stock had a trading volume of 253,550 shares, compared to its average volume of 96,552. The firm has a market capitalization of £113.98 million, a P/E ratio of 6.84 and a beta of 0.60. Castings has a 1 year low of GBX 224 ($2.83) and a 1 year high of GBX 404 ($5.10). The company’s 50 day moving average price is GBX 267.40 and its 200-day moving average price is GBX 288.73.

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.