Sirius Real Estate (LON:SRE) Earns “Buy” Rating from Berenberg Bank

Sirius Real Estate (LON:SRE)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research report issued to clients and investors on Monday, October 5th, Marketbeat Ratings reports. They presently have a GBX 134 price objective on the stock. Berenberg Bank’s price target points to a potential upside of 51.50% from the stock’s previous close.

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

Sirius Real Estate Price Performance

Shares of SRE stock traded up GBX 0.05 during midday trading on Monday, reaching GBX 88.45. 1,380,911 shares of the company were exchanged, compared to its average volume of 11,586,199. Sirius Real Estate has a 12 month low of GBX 85.85 and a 12 month high of GBX 112.80. The company has a market cap of £1.40 billion, a P/E ratio of 5.95 and a beta of 1.20. The company’s 50 day moving average price is GBX 93.83 and its two-hundred day moving average price is GBX 96.61. The company has a debt-to-equity ratio of 76.76, a quick ratio of 1.49 and a current ratio of 0.92.

Insider Activity

In other news, insider Chris Bowman acquired 1,746 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of GBX 97 per share, with a total value of £1,693.62. Also, insider Andrew Coombs sold 500,000 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of GBX 102, for a total value of £510,000. In the last ninety days, insiders have bought 419,861 shares of company stock worth $39,818,799. 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.