Stelrad Group (LON:SRAD – Get Free Report) announced its earnings results on Friday. The company reported GBX 7.43 earnings per share (EPS) 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 Stock Up 1.3%
Shares of LON:SRAD traded up GBX 2 during trading on Friday, hitting GBX 155. The company’s stock had a trading volume of 38,442 shares, compared to its average volume of 113,881. The business has a 50 day moving average price of GBX 152.50 and a two-hundred day moving average price of GBX 140.10. The company has a market capitalization of £197.40 million, a PE ratio of 234.85 and a beta of 0.40. The company has a debt-to-equity ratio of 144.23, a quick ratio of 0.76 and a current ratio of 1.78. Stelrad Group has a fifty-two week low of GBX 115.88 and a fifty-two week high of GBX 174.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a “buy” rating and set a GBX 190 target price on shares of Stelrad Group in a research note on Friday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Stelrad Group currently has an average rating of “Buy” and an average price target of GBX 190.
Insider Buying and Selling at Stelrad Group
In related news, insider Katherine Innes Ker acquired 3,750 shares of the stock in a transaction dated Thursday, June 25th. The stock was acquired 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 business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were purchased at an average price of GBX 131 per share, for a total transaction of £19,650. 15.67% of the stock is currently owned by company insiders.
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.
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