Berenberg Bank Has Lowered Expectations for Stelrad Group (LON:SRAD) Stock Price

Stelrad Group (LON:SRAD) had its target price reduced by equities research analysts at Berenberg Bank from GBX 200 to GBX 190 in a research report issued on Monday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 25.83% from the company’s previous close.

Stelrad Group Stock Performance

Stelrad Group stock opened at GBX 151 on Monday. The business has a 50 day moving average of GBX 164.65 and a 200-day moving average of GBX 160.29. The company has a market capitalization of £192.30 million, a P/E ratio of 38.72 and a beta of 0.25. Stelrad Group has a 1 year low of GBX 124.32 and a 1 year high of GBX 180. The company has a debt-to-equity ratio of 167.32, a current ratio of 1.64 and a quick ratio of 0.76.

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.