Sirius Real Estate (LON:SRE) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reiterated their buy rating on shares of Sirius Real Estate (LON:SRE) in a research note released on Wednesday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 115 price objective on the stock.

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, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 116.67.

Sirius Real Estate Trading Down 1.3%

LON:SRE opened at GBX 102 on Wednesday. Sirius Real Estate has a 1-year low of GBX 72.65 and a 1-year high of GBX 107. The firm has a market capitalization of £1.54 billion, a price-to-earnings ratio of 8.49 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 6.55 and a debt-to-equity ratio of 60.06. The stock has a fifty day simple moving average of GBX 98.73 and a 200 day simple moving average of GBX 95.94.

Insider Buying and Selling at Sirius Real Estate

In related news, insider Andrew Coombs sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of GBX 98, for a total value of £490,000. 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.