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

Key Points

  • Berenberg Bank has reaffirmed a "buy" rating for Stelrad Group (LON:SRAD) with a price target of GBX 200, indicating a potential upside of 23.46% from its previous closing price.
  • Stelrad Group's stock is currently priced at GBX 162, with recent trading volumes surpassing its average, reflecting increased investor interest.
  • The company specializes in manufacturing and distributing steel panel radiators across the UK, Europe, and Turkey, highlighting its role as a key player in the heating solutions market.
  • Five stocks to consider instead of Stelrad Group.

Stelrad Group (LON:SRAD - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Berenberg Bank in a research report issued to clients and investors on Monday,London Stock Exchange reports. They presently have a GBX 200 price objective on the stock. Berenberg Bank's target price would indicate a potential upside of 23.46% from the company's previous close.

Stelrad Group Stock Performance

Shares of LON:SRAD traded down GBX 1 during midday trading on Monday, hitting GBX 162. The stock had a trading volume of 137,461 shares, compared to its average volume of 104,221. The company has a market capitalization of £206.31 million, a PE ratio of 4,153.85 and a beta of 0.25. The stock has a 50 day moving average price of GBX 168.69 and a two-hundred day moving average price of GBX 149.63. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 167.32. Stelrad Group has a 1 year low of GBX 124.32 and a 1 year high of GBX 180.

About Stelrad Group

(Get Free Report)

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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