Castings PLC (CGS) Insider Buys £12,750 in Stock

Castings PLC (LON:CGS) insider Brian J. Cooke purchased 3,000 shares of the stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of GBX 425 ($5.59) per share, for a total transaction of £12,750 ($16,769.70).

Shares of Castings PLC (LON:CGS) opened at GBX 444 ($5.84) on Monday. Castings PLC has a 1-year low of GBX 388.10 ($5.10) and a 1-year high of GBX 490 ($6.44).

The firm also recently declared a dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Thursday, November 23rd will be issued a GBX 3.38 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, November 23rd. This represents a dividend yield of 0.76%.

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Separately, Peel Hunt cut Castings PLC to a “hold” rating and set a GBX 460 ($6.05) price target on the stock. in a report on Tuesday, October 31st.

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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