Castings P.L.C. (LON:CGS – Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 266.95 ($3.45) and traded as high as GBX 270 ($3.49). Castings shares last traded at GBX 260 ($3.36), with a volume of 6,536 shares changing hands.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group cut their target price on Castings from GBX 340 ($4.40) to GBX 325 ($4.20) and set a “buy” rating on the stock in a research report on Tuesday, February 18th.
Check Out Our Latest Stock Report on CGS
Castings Trading Up 1.9 %
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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