Berenberg Bank Raises Sirius Real Estate (LON:SRE) Price Target to GBX 136

Sirius Real Estate (LON:SRE) had its target price upped by investment analysts at Berenberg Bank from GBX 133 to GBX 136 in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 38.20% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Sirius Real Estate from GBX 115 to GBX 120 and gave the company a “buy” rating in a research note on Friday, December 5th. Panmure Gordon increased their target price on shares of Sirius Real Estate from GBX 125 to GBX 130 and gave the stock a “buy” rating in a research report on Monday, November 24th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 125 target price on shares of Sirius Real Estate in a report on Tuesday, November 18th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 127.75.

Sirius Real Estate Trading Down 1.8%

LON SRE opened at GBX 98.41 on Monday. Sirius Real Estate has a 12 month low of GBX 75.55 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. The business’s 50-day moving average price is GBX 96.61 and its two-hundred day moving average price is GBX 98.63. The firm has a market capitalization of £1.48 billion, a PE ratio of 7.12 and a beta of 1.18.

Insider Buying and Selling

In related news, insider Andrew Coombs sold 250,000 shares of the firm’s stock in a transaction dated Monday, January 19th. The shares were sold at an average price of GBX 101, for a total value of £252,500. Also, insider Deborah Davis purchased 20,000 shares of Sirius Real Estate stock in a transaction dated Monday, November 24th. The shares were bought at an average price of GBX 95 per share, for a total transaction of £19,000. Company insiders own 4.59% of the company’s stock.

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.