Steve Mant Buys 5,959 Shares of Castings (LON:CGS) Stock

Castings P.L.C. (LON:CGS) insider Steve Mant acquired 5,959 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were purchased at an average price of GBX 335 per share, with a total value of £19,962.65.

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

• On Wednesday, July 22nd, Steve Mant sold 6,006 shares of Castings stock. The shares were sold at an average price of GBX 325, for a total value of £19,519.50.

Castings Trading Down 4.6%

LON CGS opened at GBX 311 on Friday. Castings P.L.C. has a 52 week low of GBX 202.28 and a 52 week high of GBX 340. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.76 and a current ratio of 3.36. The stock’s 50 day moving average price is GBX 311.65 and its two-hundred day moving average price is GBX 277.78. The stock has a market capitalization of £135.21 million, a price-to-earnings ratio of 18.03 and a beta of 0.44.

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on shares of Castings from GBX 335 to GBX 390 and gave the company a “buy” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 390.

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.