Sirius Real Estate (LON:SRE) Stock Gets Price Target Cut from Jefferies Financial Group

Sirius Real Estate (LON:SRE) had its price target reduced by Jefferies Financial Group from GBX 108 to GBX 18 in a research note released on Thursday,Digital Look reports. They currently have a buy rating on the stock.

Several other brokerages also recently commented on SRE. Peel Hunt restated a “buy” rating and issued a GBX 125 target price on shares of Sirius Real Estate in a research note on Monday, October 12th. Berenberg Bank reiterated a “buy” rating and set a GBX 134 price target on shares of Sirius Real Estate in a research report on Monday, October 5th. Five investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 105.40.

Sirius Real Estate Stock Performance

LON:SRE opened at GBX 93.09 on Thursday. The business’s fifty day moving average is GBX 92.81 and its 200 day moving average is GBX 96.51. The firm has a market cap of £1.47 billion, a price-to-earnings ratio of 6.26 and a beta of 1.20. The company has a debt-to-equity ratio of 76.76, a quick ratio of 1.49 and a current ratio of 0.92. Sirius Real Estate has a 52-week low of GBX 85.85 and a 52-week high of GBX 112.80.

Insiders Place Their Bets

In other news, insider Andrew Coombs bought 100,000 shares of the stock in a transaction on Thursday, September 24th. The shares were acquired at an average cost of GBX 90 per share, for a total transaction of £90,000. Also, insider Joanne Kenrick purchased 31,699 shares of the business’s stock in a transaction on Friday, September 4th. The stock was purchased at an average cost of GBX 95 per share, with a total value of £30,114.05. Insiders have bought 419,861 shares of company stock worth $39,818,799 in the last three months. 4.47% of the stock is currently owned by corporate 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.