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 company’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of GBX 325, for a total value of £19,519.50.

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

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

Castings Stock Down 4.6%

CGS opened at GBX 311 on Friday. 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 debt-to-equity ratio of 1.69, a quick ratio of 2.76 and a current ratio of 3.36. The company has a market capitalization of £135.21 million, a P/E ratio of 18.03 and a beta of 0.44. The stock has a fifty day moving average of GBX 311.65 and a 200-day moving average of GBX 277.78.

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

Wall Street Analyst Weigh In

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