Castings (LON:CGS) Stock Price Passes Above Fifty Day Moving Average of $348.85

Shares of Castings P.L.C. (LON:CGS) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 348.85 ($4.38) and traded as high as GBX 375.30 ($4.71). Castings shares last traded at GBX 370 ($4.65), with a volume of 15,199 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 550 ($6.91) price target on shares of Castings in a research report on Wednesday, May 1st.

Castings Stock Performance

The stock has a fifty day simple moving average of GBX 348.85 and a two-hundred day simple moving average of GBX 358.48. The stock has a market cap of £160.04 million, a PE ratio of 1,057.14 and a beta of 0.58.

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.