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An update from Stelrad Group Plc ( (GB:SRAD) ) is now available.
Stelrad Group plc has appointed Martyn Coffey as an independent non-executive director and chair designate, effective 1 May 2026, with Coffey to succeed long-serving chair Bob Ellis following the company’s AGM on 20 May 2026. Coffey brings extensive board and executive experience from the manufacturing, HVAC, building materials and construction sectors, including leadership roles at Marshalls, Baxi, Taylor Wimpey and Luceco.
Ellis will step down as chair but is expected to remain on the board as a non-executive director nominated by major shareholder Bregal Fund III LP, which holds 49.55% of Stelrad’s share capital and remains subject to Takeover Code provisions. Non-executive director Martin Payne, chair of the audit and risk committee, will retire at the 2026 AGM, with Stelrad to appoint a new non-executive director and audit chair, signalling a significant refresh of the board’s leadership and governance structure.
The most recent analyst rating on (GB:SRAD) stock is a Buy with a £190.00 price target. To see the full list of analyst forecasts on Stelrad Group Plc stock, see the GB:SRAD Stock Forecast page.
Spark’s Take on SRAD Stock
According to Spark, TipRanks’ AI Analyst, SRAD is a Neutral.
The score is primarily supported by improving financial resilience (sharp deleveraging) and solid, positive free cash flow. Offsetting this are weak earnings quality in 2025 (net income compression) and bearish technicals with the stock trading below key moving averages and negative MACD; valuation is mixed with a high dividend yield but a negative P/E.
To see Spark’s full report on SRAD stock, click here.
More about Stelrad Group Plc
Stelrad Group plc is a UK-listed manufacturer operating in the heating and HVAC sector, supplying radiators and related building products to residential and commercial markets. Listed on the London Stock Exchange under ticker SRAD, the company has expanded since its 2021 flotation, focusing on sustainable growth and value creation for shareholders.
Average Trading Volume: 77,864
Technical Sentiment Signal: Sell
Current Market Cap: £166.8M
See more insights into SRAD stock on TipRanks’ Stock Analysis page.