Sirius Real Estate (LON:SRE) Stock Rating Reaffirmed as Buy by Berenberg Bank

Sirius Real Estate (LON:SRE)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued on Monday, MarketBeat reports. They currently have a GBX 134 price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 51.93% from the company’s previous close.

Separately, Jefferies Financial Group restated a “buy” rating and set a GBX 110 price objective on shares of Sirius Real Estate in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sirius Real Estate currently has an average rating of “Buy” and a consensus target price of GBX 123.80.

Sirius Real Estate Stock Down 0.7%

SRE stock opened at GBX 88.20 on Monday. The company has a quick ratio of 1.49, a current ratio of 0.92 and a debt-to-equity ratio of 76.76. The business has a 50 day moving average price of GBX 94.26 and a two-hundred day moving average price of GBX 96.67. The company has a market cap of £1.40 billion, a price-to-earnings ratio of 5.94 and a beta of 1.20. Sirius Real Estate has a twelve month low of GBX 85.85 and a twelve month high of GBX 112.80.

Insider Activity at Sirius Real Estate

In other Sirius Real Estate news, insider Andrew Coombs bought 100,000 shares of Sirius Real Estate stock in a transaction dated Thursday, September 24th. The stock was bought at an average price of GBX 90 per share, with a total value of £90,000. Also, insider Chris Bowman acquired 1,746 shares of the business’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of GBX 97 per share, with a total value of £1,693.62. Insiders bought 419,861 shares of company stock worth $39,818,799 in the last ninety days. 4.47% of the stock is owned by company insiders.

About Sirius Real Estate

Sirius is a property company listed on the main market and premium segment of the London Stock Exchange and the main board of the Johannesburg Stock Exchange. It is a leading operator of branded business parks providing conventional space and flexible workspace in Germany. The Company’s core strategy is the acquisition of business parks at attractive yields, the integration of these business parks into its network of sites under the Company’s own name as well as offering a range of branded products within those sites, and the reconfiguration and upgrade of existing and vacant space to appeal to the local market, through intensive asset management and investment.