Sirius Real Estate (LON:SRE) Stock Keeps Buy Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “buy” rating on Sirius Real Estate and maintained a GBX 110 price target, implying 24.36% upside from the current price. Berenberg also reiterated “buy” with a GBX 134 target.
• Analysts maintain a broadly positive view, with five buy ratings and a consensus price target of GBX 123.80.
• Sirius shares opened at GBX 88.45, with a £1.40 billion market capitalization; insiders have purchased 419,861 shares worth approximately £39.8 million over the past 90 days.

Sirius Real Estate (LON:SRE - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Jefferies Financial Group in a research note issued to investors on Monday, London Stock Exchange reports. They currently have a GBX 110 price target on the stock. Jefferies Financial Group's target price would indicate a potential upside of 24.36% from the company's current price.

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 134 target price on shares of Sirius Real Estate in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Sirius Real Estate presently has an average rating of "Buy" and a consensus price target of GBX 123.80.

Sirius Real Estate Stock Performance

LON SRE opened at GBX 88.45 on Monday. The stock has a 50-day simple moving average of GBX 94.96 and a two-hundred day simple moving average of GBX 96.88. The firm has a market capitalization of £1.40 billion, a P/E ratio of 5.95 and a beta of 1.20. Sirius Real Estate has a fifty-two week low of GBX 85.85 and a fifty-two week high of GBX 112.80. The company has a debt-to-equity ratio of 76.76, a quick ratio of 1.49 and a current ratio of 0.92.

Insider Activity

In other Sirius Real Estate news, insider Andrew Coombs purchased 100,000 shares of the business's stock in a transaction that occurred on Thursday, September 24th. The stock was purchased at an average price of GBX 90 per share, for a total transaction of £90,000. Also, insider Joanne Kenrick purchased 31,699 shares of Sirius Real Estate stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average cost of GBX 95 per share, with a total value of £30,114.05. Insiders have acquired 419,861 shares of company stock worth $39,818,799 in the last ninety days. Company insiders own 4.46% 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.

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