Peel Hunt Downgrades Castings PLC (CGS) to Hold

Castings PLC (LON:CGS) was downgraded by analysts at Peel Hunt to a “hold” rating in a note issued to investors on Tuesday. They presently have a GBX 460 ($6.07) target price on the stock. Peel Hunt’s price target would indicate a potential downside of 0.54% from the company’s current price.

Shares of Castings PLC (LON:CGS) opened at 465.00 on Tuesday. The company’s market cap is GBX 202.89 million. The company’s 50-day moving average price is GBX 463.10 and its 200 day moving average price is GBX 466.90. Castings PLC has a 12-month low of GBX 388.10 and a 12-month high of GBX 490.00.

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Castings PLC Company Profile

Castings P.L.C. is an iron casting and machining company. The Company caters to both domestic and export markets. Its segments include Foundry operations and Machining. The Company has over three trading operations, including Castings (Brownhills), William Lee Limited and CNC Speedwell Limited. Castings (Brownhills) supplies spheroidal graphite (SG) iron castings to a range of manufacturing industries from its mechanized foundries.

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