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

Berenberg Bank restated their buy rating on shares of Sirius Real Estate (LON:SREGet Rating) in a report issued on Monday, Marketbeat reports. The brokerage currently has a GBX 142 ($1.85) target price on the stock.

Shares of LON SRE opened at GBX 120 ($1.56) on Monday. The company’s fifty day moving average price is GBX 125 and its 200 day moving average price is GBX 131.82. Sirius Real Estate has a 1 year low of GBX 94.10 ($1.23) and a 1 year high of GBX 145.30 ($1.89). The company has a market capitalization of £1.41 billion and a PE ratio of 9.64. The company has a debt-to-equity ratio of 71.83, a quick ratio of 3.33 and a current ratio of 4.60.

In related news, insider Daniel (Danny) John Kitchen acquired 43,850 shares of the firm’s stock in a transaction on Tuesday, March 8th. The shares were acquired at an average cost of GBX 114 ($1.49) per share, with a total value of £49,989 ($65,140.73). Also, insider Andrew Coombs acquired 500 shares of the firm’s stock in a transaction on Monday, January 24th. The shares were bought at an average cost of GBX 130 ($1.69) per share, for a total transaction of £650 ($847.02). Over the last ninety days, insiders have acquired 81,350 shares of company stock worth $9,947,900.

About Sirius Real Estate (Get Rating)

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.

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