Castings PLC (CGS) Lowered to Hold at Peel Hunt

Peel Hunt cut shares of Castings PLC (LON:CGS) to a hold rating in a research note published on Tuesday. They currently have GBX 460 ($6.07) price objective on the stock.

Shares of Castings PLC (LON:CGS) opened at GBX 466.50 ($6.16) on Tuesday.

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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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