Castings P.L.C. (LON:CGS) Insider Purchases £10,500 in Stock

Castings P.L.C. (LON:CGS) insider Adam Vicary bought 3,500 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were bought at an average price of GBX 300 ($3.92) per share, with a total value of £10,500 ($13,730.87).

Castings Trading Down 4.3 %

Shares of Castings stock opened at GBX 290 ($3.79) on Monday. The stock’s fifty day simple moving average is GBX 338.34 and its 200 day simple moving average is GBX 353.74. The company has a market capitalization of £126.03 million, a PE ratio of 789.47 and a beta of 0.60. Castings P.L.C. has a 12 month low of GBX 280 ($3.66) and a 12 month high of GBX 404 ($5.28).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their target price on shares of Castings from GBX 460 ($6.02) to GBX 390 ($5.10) and set a “buy” rating for the company in a research note on Tuesday, August 20th.

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.