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The latest update is out from Castings ( (GB:CGS) ).
Castings PLC reported a challenging financial year ending March 2025, with a 21% decrease in turnover and a 76% drop in operating profit due to reduced demand from heavy truck customers and increased electricity costs. The company is mitigating these challenges by investing in a new foundry line to increase capacity and diversify into new markets such as wind energy and agriculture. Despite the financial setbacks, the company maintains a strong balance sheet and plans to continue paying dividends at the previous year’s level.
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
Castings PLC operates in the manufacturing industry, primarily focusing on producing castings for heavy trucks and other sectors. The company is involved in foundry operations and machining, with a significant market presence in Europe and the US. Its recent acquisition in Scunthorpe allows it to expand its product range and customer base.
Average Trading Volume: 40,111
Technical Sentiment Signal: Sell
Current Market Cap: £116.7M
For an in-depth examination of CGS stock, go to TipRanks’ Stock Analysis page.