Stelrad Group’s (SRAD) Buy Rating Reaffirmed at Berenberg Bank

Stelrad Group (LON:SRAD)‘s stock had its “buy” rating reiterated by Berenberg Bank in a note issued to investors on Friday,London Stock Exchange reports. They presently have a GBX 190 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 25.33% from the stock’s previous close.

Stelrad Group Stock Performance

Shares of SRAD opened at GBX 151.60 on Friday. The business’s fifty day simple moving average is GBX 152.50 and its two-hundred day simple moving average is GBX 140.10. 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 has a 12 month low of GBX 115.88 and a 12 month high of GBX 174. The company has a market cap of £193.07 million, a price-to-earnings ratio of 229.70 and a beta of 0.40.

Insiders Place Their Bets

In related news, insider Martyn Coffey bought 15,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were acquired at an average price of GBX 131 per share, for a total transaction of £19,650. Also, insider Katherine Innes Ker purchased 3,750 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of GBX 152 per share, for a total transaction of £5,700. 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.