Castings P.L.C. (LON:CGS) Declares Dividend of GBX 4.21

Castings P.L.C. (LON:CGS) announced a dividend on Wednesday, November 13th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 4.21 ($0.05) per share on Thursday, January 2nd. This represents a yield of 1.51%. The ex-dividend date of this dividend is Thursday, November 21st. The official announcement can be accessed at this link.

Castings Price Performance

CGS opened at GBX 265.70 ($3.37) on Wednesday. Castings has a 12 month low of GBX 238 ($3.02) and a 12 month high of GBX 404 ($5.13). The stock has a market capitalization of £115.47 million, a P/E ratio of 702.32 and a beta of 0.60. The business has a 50 day simple moving average of GBX 293.65 and a 200-day simple moving average of GBX 336.88.

Insider Buying and Selling at Castings

In other Castings news, insider Steve Mant acquired 3,307 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of GBX 301 ($3.82) per share, with a total value of £9,954.07 ($12,632.07). Also, insider Adam Vicary bought 1,500 shares of the business’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of GBX 267 ($3.39) per share, with a total value of £4,005 ($5,082.49). Over the last three months, insiders purchased 8,307 shares of company stock valued at $2,445,907. Corporate insiders own 21.35% of the company’s stock.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lowered their price target on shares of Castings from GBX 390 ($4.95) to GBX 340 ($4.31) and set a “buy” rating on the stock in a research note on Wednesday, November 13th.

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.