Castings (LON:CGS) Receives “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Castings (LON:CGS) in a report published on Monday morning, Digital Look reports. Peel Hunt currently has a GBX 470 ($6.14) price objective on the stock.

Shares of LON CGS opened at GBX 449 ($5.87) on Monday. Castings has a one year low of GBX 341 ($4.46) and a one year high of GBX 444 ($5.80). The company has a market cap of $195.91 million and a price-to-earnings ratio of 20.23.

Castings (LON:CGS) last issued its quarterly earnings results on Wednesday, June 12th. The company reported GBX 28.16 ($0.37) EPS for the quarter, missing analysts’ consensus estimates of GBX 28.40 ($0.37) by GBX (0.24) ($0.00). On average, equities research analysts predict that Castings will post 3319.9999878 EPS for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Tuesday, July 23rd. Shareholders of record on Thursday, June 20th will be given a dividend of GBX 15 ($0.20) per share. This is a boost from Castings’s previous dividend of $11.40. This represents a yield of 3.36%. The ex-dividend date of this dividend is Thursday, June 20th. Castings’s dividend payout ratio (DPR) is presently 0.63%.

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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