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

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

Stelrad Group Price Performance

LON:SRAD opened at GBX 134 on Wednesday. The firm has a market cap of £170.65 million, a price-to-earnings ratio of 203.03 and a beta of 0.40. 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 company’s 50-day moving average is GBX 128.91 and its two-hundred day moving average is GBX 138.87. Stelrad Group has a 12-month low of GBX 115.88 and a 12-month high of GBX 180.

Stelrad Group (LON:SRAD) last released its earnings results on Friday, March 13th. The company reported GBX 13.08 earnings per share (EPS) for the quarter. Stelrad Group had a net margin of 0.30% and a return on equity of 1.61%. Research analysts expect that Stelrad Group will post 14.9369544 EPS for the current year.

Insider Transactions at Stelrad Group

In other news, insider Martyn Coffey bought 15,000 shares of Stelrad Group stock in a transaction on Tuesday, May 12th. The shares were bought at an average cost of GBX 131 per share, for a total transaction of £19,650. Company 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.