Sirius Real Estate (LON:SRE) Stock Rating Reaffirmed as Buy by Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “Buy” rating on Sirius Real Estate and set a GBX 134 price target, implying 51.5% potential upside from the prior close.
• Sirius Real Estate has unanimous analyst support in the article, with five Buy ratings and a consensus price target of GBX 123.80; Jefferies also maintained a Buy rating with a GBX 110 target.
• The stock opened at GBX 88.45 and was reported up 2.0%, while insiders purchased 419,861 shares worth approximately £39.8 million over the prior 90 days.

Sirius Real Estate (LON:SRE - Get Free Report)'s stock had its "buy" rating reiterated by analysts at Berenberg Bank in a note issued to investors on Monday, London Stock Exchange reports. They presently have a GBX 134 price target on the stock. Berenberg Bank's price target would indicate a potential upside of 51.50% from the stock's previous close.

Separately, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 110 price target on shares of Sirius Real Estate in a research note on Thursday, June 25th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sirius Real Estate presently has a consensus rating of "Buy" and a consensus price target of GBX 123.80.

Sirius Real Estate Trading Up 2.0%

SRE stock opened at GBX 88.45 on Monday. Sirius Real Estate has a 1-year low of GBX 85.85 and a 1-year high of GBX 112.80. The company has a current ratio of 0.92, a quick ratio of 1.49 and a debt-to-equity ratio of 76.76. The business's 50 day moving average is GBX 94.96 and its 200-day moving average is GBX 96.88. The firm has a market cap of £1.40 billion, a P/E ratio of 5.95 and a beta of 1.20.

Insider Buying and Selling

In related news, insider Joanne Kenrick acquired 31,699 shares of the stock in a transaction on Friday, September 4th. The stock was purchased at an average price of GBX 95 per share, for a total transaction of £30,114.05. Also, insider Chris Bowman bought 1,746 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was bought at an average cost of GBX 97 per share, with a total value of £1,693.62. Insiders have purchased a total of 419,861 shares of company stock worth $39,818,799 in the last 90 days. Corporate insiders own 4.46% 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.

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