Castings (LON:CGS) Share Price Crosses Above 50-Day Moving Average – Should You Sell?
by Jessica Moore · The Cerbat GemShares of Castings P.L.C. (LON:CGS – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 272.02 and traded as high as GBX 275. Castings shares last traded at GBX 265, with a volume of 6,002 shares trading hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 335 price objective on shares of Castings in a report on Wednesday, November 12th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of GBX 335.
Read Our Latest Research Report on CGS
Castings Stock Down 1.1%
The firm has a market cap of £115.21 million, a P/E ratio of 24.00 and a beta of 0.60. The business’s 50 day moving average is GBX 272.02 and its 200-day moving average is GBX 266.81.
Castings (LON:CGS – Get Free Report) last announced its quarterly earnings data on Wednesday, November 12th. The company reported GBX 8.58 earnings per share for the quarter. Castings had a net margin of 7.45% and a return on equity of 12.83%. As a group, equities analysts predict that Castings P.L.C. will post 17.2492837 earnings per share for the current year.
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.