Insider Buying: Castings (LON:CGS) Insider Purchases £19,962.65 in Stock

Castings P.L.C. (LON:CGS) insider Steve Mant acquired 5,959 shares of the stock in a transaction that occurred on Thursday, July 23rd. The shares were bought at an average price of GBX 335 per share, for a total transaction of £19,962.65.

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

• On Wednesday, July 22nd, Steve Mant sold 6,006 shares of Castings stock. The shares were sold at an average price of GBX 325, for a total value of £19,519.50.

Castings Price Performance

Shares of CGS opened at GBX 311 on Friday. The company has a market capitalization of £135.21 million, a price-to-earnings ratio of 18.03 and a beta of 0.44. The business’s 50-day moving average is GBX 311.65 and its 200-day moving average is GBX 277.78. 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 current ratio of 3.36 and a quick ratio of 2.76.

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

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised 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, June 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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.