Stelrad Group plc

Update confirms full year outlook

  • Sectors : Building products
  • Companies : Stelrad Group plc

Ratings and price correct at time of issue.

  • Stelrad Group plc

    Closing Price: 136p

  • RATING 11/05/23

  • PREVIOUS RATING N/A

DAVY VIEW

Stelrad’s trading update has indicated that the group has enjoyed a solid start to the year and that its full year outlook is unchanged. This confirms the resilience and robustness of the group’s operating model. The stock remains keenly valued as it trades on a current year P/E of under 10x based on our estimates and offers considerable upside to our 190p price target.

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May 21 2025, 07:10 IST/BST

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