Stelrad Group (LON:SRAD) Posts Earnings Results

Stelrad Group (LON:SRAD) released its earnings results on Friday. The company reported GBX 7.43 earnings per share for the quarter, Digital Look Earnings reports. Stelrad Group had a return on equity of 1.61% and a net margin of 0.30%.

Stelrad Group Trading Up 1.3%

Shares of SRAD stock opened at GBX 155 on Friday. The company’s 50-day moving average price is GBX 152.88 and its 200-day moving average price is GBX 140.21. The company has a current ratio of 1.78, a quick ratio of 0.76 and a debt-to-equity ratio of 144.23. The stock has a market cap of £197.40 million, a price-to-earnings ratio of 234.85 and a beta of 0.40. Stelrad Group has a twelve month low of GBX 115.88 and a twelve month high of GBX 174.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 190 price target on shares of Stelrad Group in a research report on Friday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 190.

Insider Transactions at Stelrad Group

In other news, insider Katherine Innes Ker bought 3,750 shares of Stelrad Group stock in a transaction on Thursday, June 25th. The shares were bought at an average cost of GBX 152 per share, with a total value of £5,700. Also, insider Martyn Coffey bought 15,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was purchased at an average price of GBX 131 per share, for a total transaction of £19,650. Corporate insiders own 15.67% of the company’s stock.

Stelrad Group Company Profile

Stelrad is a leading specialist manufacturer and distributor of steel panel radiators in the UK, Europe and Turkey, selling an extensive range of standard and premium steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators and other steel “column” radiators.