Stelrad Group (LON:SRAD) Receives Buy Rating from Berenberg Bank

Stelrad Group (LON:SRAD)‘s stock had its “buy” rating restated by Berenberg Bank in a report issued on Wednesday,Digital Look reports. They presently have a GBX 190 target price on the stock. Berenberg Bank’s target price would suggest a potential upside of 41.79% from the company’s previous close.

Stelrad Group Price Performance

Shares of LON SRAD opened at GBX 134 on Wednesday. The stock has a market cap of £170.65 million, a price-to-earnings ratio of 203.03 and a beta of 0.40. Stelrad Group has a 52 week low of GBX 115.88 and a 52 week high of GBX 180. The company’s 50-day moving average price is GBX 128.91 and its 200 day moving average price is GBX 138.87. The company has a current ratio of 1.78, a quick ratio of 0.76 and a debt-to-equity ratio of 144.23.

Stelrad Group (LON:SRAD) last issued its quarterly earnings data on Friday, March 13th. The company reported GBX 13.08 EPS for the quarter. Stelrad Group had a net margin of 0.30% and a return on equity of 1.61%. As a group, research analysts forecast that Stelrad Group will post 14.9369544 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Stelrad Group news, insider Martyn Coffey acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average cost of GBX 131 per share, with a total value of £19,650. Insiders own 15.60% of the company’s stock.

About Stelrad Group

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.