Castings (LON:CGS) Downgraded by Peel Hunt to Hold

Peel Hunt cut shares of Castings (LON:CGS) to a hold rating in a research note released on Wednesday, Stock Target Advisor reports.

Shares of Castings stock opened at GBX 432 ($5.68) on Wednesday. The business’s fifty day simple moving average is GBX 422.88 and its 200 day simple moving average is GBX 396.51. The firm has a market capitalization of $188.49 million and a P/E ratio of 15.32. Castings has a 12 month low of GBX 341 ($4.49) and a 12 month high of GBX 452 ($5.95).

Castings Company Profile

Castings P.L.C. engages in iron casting and machining activities. It operates through Foundry Operations and Machining segments. The company offers ductile iron castings, spheroidal graphite (SG) iron castings, austempered ductile iron castings, simo castings, Ni-resist castings, and grey iron castings, as well as aluminum castings.

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