Sirius Real Estate (LON:SRE) Price Target Raised to GBX 120

Sirius Real Estate (LON:SRE) had its price target upped by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 115 to GBX 120 in a report issued on Friday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 24.16% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Peel Hunt restated a “buy” rating and issued a GBX 125 target price on shares of Sirius Real Estate in a research note on Tuesday, November 18th. Panmure Gordon boosted their price objective on Sirius Real Estate from GBX 125 to GBX 130 and gave the company a “buy” rating in a report on Monday, November 24th. Finally, Berenberg Bank lowered their target price on shares of Sirius Real Estate from GBX 134 to GBX 133 and set a “buy” rating on the stock in a research note on Monday, November 17th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 124.60.

Sirius Real Estate Stock Down 0.1%

Sirius Real Estate stock traded down GBX 0.10 during midday trading on Friday, hitting GBX 96.65. 4,289,591 shares of the company’s stock were exchanged, compared to its average volume of 8,198,356. The company has a debt-to-equity ratio of 60.06, a quick ratio of 1.49 and a current ratio of 6.55. The company has a market cap of £1.46 billion, a PE ratio of 8.04 and a beta of 1.18. The firm has a 50-day moving average of GBX 98.79 and a two-hundred day moving average of GBX 98.21. Sirius Real Estate has a 12 month low of GBX 72.65 and a 12 month high of GBX 107.

Insider Activity at Sirius Real Estate

In other news, insider Deborah Davis purchased 20,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of GBX 95 per share, for a total transaction of £19,000. Also, insider Andrew Coombs sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of GBX 98, for a total value of £490,000. Insiders own 4.62% 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.