Castings P.L.C. (LON:CGS) Insider Buys £4,005 in Stock

Castings P.L.C. (LON:CGS) insider Adam Vicary acquired 1,500 shares of Castings stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of GBX 267 ($3.36) per share, for a total transaction of £4,005 ($5,047.26).

Adam Vicary also recently made the following trade(s):

• On Wednesday, September 11th, Adam Vicary purchased 3,500 shares of Castings stock. The stock was bought at an average price of GBX 300 ($3.78) per share, for a total transaction of £10,500 ($13,232.51).

Castings Stock Performance

CGS opened at GBX 266 ($3.35) on Monday. The firm’s fifty day moving average is GBX 294.37 and its two-hundred day moving average is GBX 337.64. The firm has a market cap of £115.60 million, a PE ratio of 700.00 and a beta of 0.60. Castings P.L.C. has a twelve month low of GBX 238 ($3.00) and a twelve month high of GBX 404 ($5.09).

Castings Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Investors of record on Thursday, November 21st will be paid a dividend of GBX 4.21 ($0.05) per share. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 21st. Castings’s payout ratio is presently 4,736.84%.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their target price on Castings from GBX 390 ($4.91) to GBX 340 ($4.28) and set a “buy” rating for the company in a research report on Wednesday, November 13th.

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.