Sirius Real Estate (LON:SRE) Price Target Raised to GBX 130

Sirius Real Estate (LON:SRE) had its target price hoisted by Panmure Gordon from GBX 125 to GBX 130 in a research note issued to investors on Monday, Marketbeat reports. Panmure Gordon currently has a buy rating on the stock.

A number of other research firms have also recently weighed in on SRE. Peel Hunt reaffirmed a “buy” rating and set a GBX 125 price objective on shares of Sirius Real Estate in a research report on Tuesday, November 18th. Berenberg Bank decreased their price target on shares of 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 analysts have rated the stock with a Buy rating, According to MarketBeat.com, Sirius Real Estate has an average rating of “Buy” and a consensus target price of GBX 125.75.

Sirius Real Estate Stock Up 2.6%

Shares of LON SRE opened at GBX 97.31 on Monday. The company’s 50-day simple moving average is GBX 98.70 and its 200-day simple moving average is GBX 98.03. The firm has a market cap of £1.46 billion, a price-to-earnings ratio of 8.10 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. Sirius Real Estate has a 52-week low of GBX 72.65 and a 52-week high of GBX 107.

Insider Buying and Selling

In related news, insider Deborah Davis bought 20,000 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was bought at an average price of GBX 95 per share, with a total value of £19,000. Also, insider Andrew Coombs purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average cost of GBX 96 per share, for a total transaction of £48,000. 4.62% of the stock is 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.