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

Posted by Editorial Team on Nov 15th, 2024

Castings P.L.C. (LON:CGS – Get Free Report) insider Adam Vicary bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of GBX 267 ($3.37) per share, for a total transaction of £4,005 ($5,058.10).

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

On Wednesday, September 11th, Adam Vicary purchased 3,500 shares of Castings stock. The shares were acquired at an average cost of GBX 300 ($3.79) per share, with a total value of £10,500 ($13,260.92).

Castings Stock Performance

Shares of LON:CGS remained flat at GBX 266 ($3.36) during midday trading on Friday. The company had a trading volume of 54,301 shares, compared to its average volume of 31,539. Castings P.L.C. has a twelve month low of GBX 238 ($3.01) and a twelve month high of GBX 404 ($5.10). The firm has a market capitalization of £115.60 million, a PE ratio of 700.00 and a beta of 0.60. The company’s fifty day moving average is GBX 295.25 and its 200 day moving average is GBX 338.40.

Castings Cuts Dividend

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

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reduced their target price on shares of Castings from GBX 390 ($4.93) to GBX 340 ($4.29) and set a “buy” rating for the company in a report on Wednesday.

Read Our Latest Research Report on CGS

About Castings

(Get Free Report)

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.