Castings (LON:CGS) Earns “Buy” Rating from Canaccord Genuity Group

Castings (LON:CGS)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 390 price objective on the stock. Canaccord Genuity Group‘s price target would suggest a potential upside of 39.89% from the company’s current price.

Castings Stock Performance

Shares of CGS stock opened at GBX 278.79 on Wednesday. Castings has a 1 year low of GBX 202.28 and a 1 year high of GBX 340. The firm has a market capitalization of £121.21 million, a price-to-earnings ratio of 16.16 and a beta of 0.44. The company has a debt-to-equity ratio of 1.69, a current ratio of 3.36 and a quick ratio of 2.76. The business has a fifty day moving average of GBX 283.33 and a 200 day moving average of GBX 283.

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.