Peel Hunt Downgrades Castings PLC (CGS) to Hold

Castings PLC (LON:CGS) was downgraded by stock analysts at Peel Hunt to a “hold” rating in a report issued on Tuesday. They presently have a GBX 460 ($6.07) price target on the stock. Peel Hunt’s target price would suggest a potential downside of 1.13% from the stock’s current price.

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Castings PLC Company Profile

Castings P.L.C. is an iron casting and machining company. The Company caters to both domestic and export markets. Its segments include Foundry operations and Machining. The Company has over three trading operations, including Castings (Brownhills), William Lee Limited and CNC Speedwell Limited. Castings (Brownhills) supplies spheroidal graphite (SG) iron castings to a range of manufacturing industries from its mechanized foundries.

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