Stelrad Group (LON:SRAD) Insider Sells 373,175 Shares of Company Stock

Key Points

• Insider Robert Ellis sold 373,175 Stelrad Group shares at an average price of GBX 145, generating approximately £541,104. This follows three earlier sales totaling 276,825 shares since September.
• Stelrad shares rose to GBX 148 during Friday trading, near their 50-day and 200-day moving averages, while the company’s market capitalization stood at approximately £188.5 million.
• Analysts maintain a positive outlook: Berenberg reaffirmed a “Buy” rating with a GBX 190 price target, matching the stock’s consensus rating and average target.

Stelrad Group PLC (LON:SRAD - Get Free Report) insider Robert Ellis sold 373,175 shares of the stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of GBX 145, for a total value of £541,103.75.

Robert Ellis also recently made the following trade(s):

• On Friday, October 2nd, Robert Ellis sold 65,000 shares of Stelrad Group stock. The stock was sold at an average price of GBX 147, for a total transaction of £95,550.
• On Friday, September 18th, Robert Ellis sold 45,091 shares of Stelrad Group stock. The shares were sold at an average price of GBX 145, for a total transaction of £65,381.95.
• On Thursday, September 3rd, Robert Ellis sold 166,734 shares of Stelrad Group stock. The shares were sold at an average price of GBX 146, for a total value of £243,431.64.

Stelrad Group Stock Performance

Stelrad Group stock traded up GBX 3 during mid-day trading on Friday, reaching GBX 148. The company had a trading volume of 15,313 shares, compared to its average volume of 97,713. The company has a quick ratio of 0.76, a current ratio of 1.98 and a debt-to-equity ratio of 148.26. Stelrad Group PLC has a 52 week low of GBX 115.88 and a 52 week high of GBX 174. The company has a 50 day moving average of GBX 146.32 and a 200-day moving average of GBX 145.05. The firm has a market cap of £188.48 million, a price-to-earnings ratio of 14.57 and a beta of 0.41.

Stelrad Group (LON:SRAD - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The company reported GBX 7.43 earnings per share for the quarter. Stelrad Group had a net margin of 4.85% and a return on equity of 23.96%. On average, sell-side analysts expect that Stelrad Group PLC will post 14.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 190 price objective on shares of Stelrad Group in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating. According to MarketBeat, Stelrad Group has a consensus rating of "Buy" and an average price target of GBX 190.

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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