Stelrad Group plc

Warming up to Stelrad

  • Sectors : Building products
  • Companies : Stelrad Group plc

Ratings and price correct at time of issue.

  • Stelrad Group plc

    Closing Price: 118p

  • RATING 11/05/23

  • PREVIOUS RATING N/A

DAVY VIEW

The equity market has failed to warm up to Stelrad since its IPO in November 2021. We believe that this response has been unwarranted and initiate coverage with an ‘Outperform’ rating and a price target of 213p.

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May 11 2023, 07:00 IST/BST

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