Berenberg Bank Reiterates “Buy” Rating for Sirius Real Estate (LON:SRE)

Sirius Real Estate (LON:SRE)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 115 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 11.87% from the company’s previous close.

Separately, Peel Hunt restated a “buy” rating and set a GBX 120 price objective on shares of Sirius Real Estate in a research report on Monday. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 116.67.

Sirius Real Estate Stock Down 0.5%

SRE stock opened at GBX 102.80 on Wednesday. The company has a fifty day moving average price of GBX 98.74 and a 200 day moving average price of GBX 96.10. Sirius Real Estate has a 12 month low of GBX 72.65 and a 12 month high of GBX 107. The company has a market cap of £1.55 billion, a price-to-earnings ratio of 8.55 and a beta of 1.18. The company has a debt-to-equity ratio of 60.06, a current ratio of 6.55 and a quick ratio of 1.49.

Insider Buying and Selling at Sirius Real Estate

In other news, insider Andrew Coombs sold 500,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of GBX 98, for a total transaction of £490,000. 4.62% of the stock is currently owned by company insiders.

Sirius Real Estate Company Profile

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.