Castings (LON:CGS – Get Free Report) released its earnings results on Wednesday. The company reported GBX 17.36 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Castings had a return on equity of 3.83% and a net margin of 2.75%.The firm had revenue of £173.23 million for the quarter.
Castings Price Performance
Shares of CGS opened at GBX 328 on Wednesday. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.77 and a quick ratio of 2.76. The stock has a market cap of £142.60 million, a PE ratio of 29.71 and a beta of 0.43. Castings has a 1-year low of GBX 202.28 and a 1-year high of GBX 333. The firm has a 50-day simple moving average of GBX 270.22 and a two-hundred day simple moving average of GBX 266.32.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group increased their price target on shares of Castings from GBX 335 to GBX 390 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Castings presently has an average rating of “Buy” and a consensus target price of GBX 390.
Insider Activity
In other news, insider Adam Vicary acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average price of GBX 220 per share, for a total transaction of £11,000. Corporate insiders own 1.05% of the company’s stock.
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.
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