Stelrad Group plc

Investment case continues to heat up

  • Sectors : Building products
  • Companies : Stelrad Group plc

Ratings and price correct at time of issue.

  • Stelrad Group plc

    Closing Price: 141p

  • RATING 11/05/23

  • PREVIOUS RATING N/A

DAVY VIEW

Stelrad’s Capital Markets Event (CME) struck a very positive tone, highlighting the structural growth drivers that lay ahead for the group, particularly in premiumisation and decarbonisation. Management also outlined its sources of competitive advantage, which should sustain growth over the coming periods. While the group is not reliant on a market recovery to progress profits further, we believe that this only offers further upside potential.

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Nov 26 2024, 07:00 GMT

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