Stelrad Group (LON:SRAD) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Stelrad Group (LON:SRAD) in a report released on Friday morning, Marketbeat reports. The firm currently has a GBX 190 price objective on the stock.

Stelrad Group Price Performance

LON:SRAD opened at GBX 155 on Friday. Stelrad Group has a 1-year low of GBX 115.88 and a 1-year high of GBX 174. The company has a debt-to-equity ratio of 144.23, a current ratio of 1.78 and a quick ratio of 0.76. The company has a 50 day moving average price of GBX 152.88 and a 200-day moving average price of GBX 140.21. The firm has a market cap of £197.40 million, a price-to-earnings ratio of 234.85 and a beta of 0.40.

Stelrad Group (LON:SRAD) last posted its earnings results on Friday, August 7th. The company reported GBX 7.43 EPS for the quarter. Stelrad Group had a return on equity of 1.61% and a net margin of 0.30%. Equities research analysts forecast that Stelrad Group will post 14.9369544 EPS for the current year.

Insiders Place Their Bets

In related news, insider Katherine Innes Ker purchased 3,750 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average price of GBX 152 per share, with a total value of £5,700. Also, insider Martyn Coffey purchased 15,000 shares of Stelrad Group stock in a transaction that occurred on Tuesday, May 12th. The shares were bought at an average price of GBX 131 per share, with a total value 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.