Stelrad Group has experienced a shift in stock price expectations as Berenberg Bank lowered its target price from GBX 200 to GBX 190. This adjustment comes in a research report released on Monday, according to MarketBeat. Despite the reduction, Berenberg maintains a “buy” rating on the stock, which suggests a potential upside of approximately 25.83% from the previous closing price.
Current Stock Performance and Financial Metrics
On the same day, Stelrad Group’s stock opened at GBX 151. The company’s performance can be analyzed further through its moving averages, which stand at GBX 164.65 for the 50-day and GBX 160.29 for the 200-day periods. With a market capitalization of £192.30 million, Stelrad Group’s financial metrics include a price-to-earnings (P/E) ratio of 38.72 and a beta of 0.25.
Investors should take note of the company’s stock history, which reveals a one-year low of GBX 124.32 and a high of GBX 180. The financial stability of Stelrad Group is further illustrated by its debt-to-equity ratio of 167.32, a current ratio of 1.64, and a quick ratio of 0.76.
Company Overview
Stelrad Group is a prominent manufacturer and distributor of steel panel radiators, operating across the UK, Europe, and Turkey. The company offers a diverse range of products, including standard and premium steel panel radiators, low surface temperature radiators, towel warmers, decorative steel tubular radiators, and various steel column radiators.
As the market evolves, investors and analysts alike will be keen to monitor how these changes affect Stelrad Group’s stock performance and overall market position.
