Sirius Real Estate’s (SRE) “Buy” Rating Reaffirmed at Peel Hunt

Peel Hunt restated their buy rating on shares of Sirius Real Estate (LON:SRE) in a research report released on Monday, MarketBeat.com reports. They currently have a GBX 120 target price on the stock.

Separately, Berenberg Bank cut their target price on shares of Sirius Real Estate from GBX 120 to GBX 115 and set a “buy” rating on the stock in a research note on Monday, October 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 116.67.

Sirius Real Estate Stock Performance

Shares of Sirius Real Estate stock opened at GBX 99 on Monday. The firm has a market cap of £1.49 billion, a PE ratio of 8.24 and a beta of 1.18. The firm’s 50-day simple moving average is GBX 98.71 and its 200-day simple moving average is GBX 95.86. The company has a debt-to-equity ratio of 60.06, a quick ratio of 1.49 and a current ratio of 6.55. Sirius Real Estate has a 1 year low of GBX 72.65 and a 1 year high of GBX 107.

Insider Activity

In related news, insider Andrew Coombs sold 500,000 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of GBX 98, for a total transaction of £490,000. Also, insider Chris Bowman acquired 1,686 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average price of GBX 101 per share, for a total transaction of £1,702.86. In the last quarter, insiders have purchased 32,122 shares of company stock worth $3,244,322. 4.62% 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.