Castings P.L.C. (LON:CGS) Insider Adam Vicary Purchases 1,500 Shares

Castings P.L.C. (LON:CGS) insider Adam Vicary bought 1,500 shares of Castings stock in a transaction dated Friday, November 15th. The shares were bought at an average price of GBX 267 ($3.36) per share, for a total transaction of £4,005 ($5,047.26).

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

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

Castings Price Performance

Shares of LON CGS opened at GBX 266 ($3.35) on Friday. The company’s 50 day simple moving average is GBX 294.37 and its 200 day simple moving average is GBX 337.90. 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 firm has a market capitalization of £115.60 million, a P/E ratio of 700.00 and a beta of 0.60.

Castings Cuts Dividend

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

Wall Street Analyst Weigh In

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

About Castings

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.