Sirius Real Estate (LON:SRE) Given New GBX 18 Price Target at Jefferies Financial Group

Key Points

• Jefferies cut Sirius Real Estate’s price target sharply from GBX 108 to GBX 18, while maintaining a “buy” rating. The new target implies about 80.4% downside from the prior close.
• Despite Jefferies’ reduction, other analysts remain bullish: Sirius retains a consensus “buy” rating, with an average price target of GBX 105.40; Berenberg and Peel Hunt each recently reiterated “buy” recommendations.
• Sirius shares opened at GBX 91.90, with a £1.45 billion market capitalization. Company insiders have bought 419,861 shares worth roughly £39.8 million over the past 90 days.

Sirius Real Estate (LON:SRE - Get Free Report) had its target price decreased by investment analysts at Jefferies Financial Group from GBX 108 to GBX 18 in a note issued to investors on Thursday, Digital Look reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price objective suggests a potential downside of 80.41% from the stock's previous close.

A number of other research analysts have also recently issued reports on SRE. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 134 price target on shares of Sirius Real Estate in a report on Monday, October 5th. Peel Hunt reiterated a "buy" rating and set a GBX 125 price objective on shares of Sirius Real Estate in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of GBX 105.40.

Sirius Real Estate Price Performance

Shares of SRE stock opened at GBX 91.90 on Thursday. The firm has a market capitalization of £1.45 billion, a price-to-earnings ratio of 6.18 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. The stock's 50-day simple moving average is GBX 93.13 and its 200-day simple moving average is GBX 96.53. Sirius Real Estate has a fifty-two week low of GBX 85.85 and a fifty-two week high of GBX 112.80.

Insider Transactions at Sirius Real Estate

In other Sirius Real Estate news, insider Chris Bowman bought 1,746 shares of the firm's stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average cost of GBX 97 per share, for a total transaction of £1,693.62. Also, insider Andrew Coombs bought 100,000 shares of the firm's stock in a transaction that occurred on Thursday, September 24th. The shares were acquired at an average price of GBX 90 per share, with a total value of £90,000. Insiders have acquired 419,861 shares of company stock worth $39,818,799 over the last 90 days. 4.47% of the stock is currently 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.

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