Panmure Gordon Issues Positive Forecast for Sirius Real Estate (LON:SRE) Stock Price

Sirius Real Estate (LON:SRE) had its target price lifted by Panmure Gordon from GBX 125 to GBX 130 in a research note released on Monday morning, MarketBeat.com reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently commented on SRE. Peel Hunt reissued a “buy” rating and issued a GBX 125 price target on shares of Sirius Real Estate in a report on Tuesday, November 18th. Berenberg Bank dropped their price objective on Sirius Real Estate from GBX 134 to GBX 133 and set a “buy” rating for the company in a research note on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of GBX 125.75.

Sirius Real Estate Price Performance

SRE stock opened at GBX 94.55 on Monday. The firm has a 50 day moving average of GBX 98.72 and a 200-day moving average of GBX 98.02. The firm has a market capitalization of £1.42 billion, a P/E ratio of 7.87 and a beta of 1.18. Sirius Real Estate has a 12 month low of GBX 72.65 and a 12 month high of GBX 107. The company has a current ratio of 6.55, a quick ratio of 1.49 and a debt-to-equity ratio of 60.06.

Insider Transactions at Sirius Real Estate

In related 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 value of £490,000. Company insiders own 4.62% of the company’s stock.

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.