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Castings ( (GB:CGS) ) just unveiled an announcement.
Castings PLC, a UK-based company, has announced a change in its major holdings. Ameriprise Financial, Inc., based in the United States, has increased its voting rights in Castings PLC to 17.049% from a previous 16.928%. This adjustment in holdings, notified on June 16, 2025, indicates a strategic move by Ameriprise Financial to strengthen its influence within the company, potentially impacting the company’s governance and decision-making processes.
The most recent analyst rating on (GB:CGS) stock is a Buy with a £4.60 price target. To see the full list of analyst forecasts on Castings stock, see the GB:CGS Stock Forecast page.
Spark’s Take on GB:CGS Stock
According to Spark, TipRanks’ AI Analyst, GB:CGS is a Outperform.
Castings PLC maintains a solid financial foundation with robust revenue and profit growth, supported by a strong balance sheet. However, technical indicators suggest a bearish trend, and recent corporate events indicate challenges in demand and profitability. Despite these challenges, the stock’s attractive valuation and high dividend yield provide some upside potential.
To see Spark’s full report on GB:CGS stock, click here.
More about Castings
Average Trading Volume: 41,674
Technical Sentiment Signal: Hold
Current Market Cap: £121.7M
See more data about CGS stock on TipRanks’ Stock Analysis page.