Shares of Castings P.L.C. (LON:CGS – Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 261.86 ($3.47) and traded as high as GBX 265 ($3.52). Castings shares last traded at GBX 265 ($3.52), with a volume of 4,837 shares changing hands.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reduced their price target on Castings from GBX 340 ($4.51) to GBX 325 ($4.31) and set a “buy” rating on the stock in a research note on Tuesday, February 18th.
Get Our Latest Stock Report on CGS
Castings Price Performance
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.
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