Stelrad Group plc

Another solid update

  • Sectors : Building products
  • Companies : Stelrad Group plc

Ratings and price correct at time of issue.

  • Stelrad Group plc

    Closing Price: 135p

  • RATING 11/05/23

  • PREVIOUS RATING N/A

DAVY VIEW

Stelrad has issued a short trading update ahead of its AGM and has revealed that trading year-to-date is in line with management expectations. The group has also indicated that its full year outlook is unchanged, an encouraging signal in the current environment. The stock, down 4% year-to-date and has held up better than many peers, remains attractively valued at a 2026 P/E of <10x and an EV/EBITDA of circa 5x.

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May 20 2026, 07:17 IST/BST

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