Insider Buying: Castings P.L.C. (LON:CGS) Insider Acquires 1,500 Shares of Stock

Castings P.L.C. (LON:CGS) insider Adam Vicary acquired 1,500 shares of the business’s stock in a transaction on Friday, November 15th. The stock was acquired at an average price of GBX 267 ($3.36) per share, with a total value of £4,005 ($5,047.26).

Adam Vicary also recently made the following trade(s):

• On Wednesday, September 11th, Adam Vicary acquired 3,500 shares of Castings stock. The stock was acquired at an average price of GBX 300 ($3.78) per share, with a total value of £10,500 ($13,232.51).

Castings Stock Performance

Castings stock opened at GBX 266 ($3.35) on Friday. The firm has a market capitalization of £115.60 million, a price-to-earnings ratio of 700.00 and a beta of 0.60. Castings P.L.C. has a fifty-two week low of GBX 238 ($3.00) and a fifty-two week high of GBX 404 ($5.09). The stock’s fifty day moving average is GBX 294.37 and its two-hundred day moving average is GBX 337.90.

Castings Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Thursday, November 21st will be paid a GBX 4.21 ($0.05) dividend. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 21st. Castings’s payout ratio is 4,736.84%.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered their target price on Castings from GBX 390 ($4.91) to GBX 340 ($4.28) and set a “buy” rating on the stock in a report on Wednesday.

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.