Sirius Real Estate's (SRE) "Buy" Rating Reiterated at Peel Hunt

Key Points

• Peel Hunt reiterated its “Buy” rating on Sirius Real Estate and maintained a GBX 125 price target, implying 41.48% upside from the stock’s GBX 88.35 opening price.
• Analyst sentiment remains positive: five analysts rate the shares “Buy,” with an average target price of GBX 123.80; Jefferies and Berenberg also recently reaffirmed Buy ratings.
• Sirius has a £1.40 billion market capitalization and operates business parks in Germany. Recent insider activity included purchases of 419,861 shares over 90 days, while one insider sold 500,000 shares in August.

Sirius Real Estate (LON:SRE - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Peel Hunt in a report released on Monday, Digital Look reports. They currently have a GBX 125 target price on the stock. Peel Hunt's price target indicates a potential upside of 41.48% from the stock's current price.

Several other research analysts have also commented on the company. Jefferies Financial Group reissued a "buy" rating and issued a GBX 110 price objective on shares of Sirius Real Estate in a research report on Monday, October 5th. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 134 target price 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. According to MarketBeat, the company has an average rating of "Buy" and an average target price of GBX 123.80.

Sirius Real Estate Stock Performance

LON:SRE opened at GBX 88.35 on Monday. The company has a market cap of £1.40 billion, a P/E ratio of 5.95 and a beta of 1.20. The firm's 50 day moving average is GBX 93.83 and its two-hundred day moving average is GBX 96.61. 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 quick ratio of 1.49, a current ratio of 0.92 and a debt-to-equity ratio of 76.76.

Insider Transactions at Sirius Real Estate

In other news, insider Joanne Kenrick bought 31,699 shares of the firm's stock in a transaction dated Friday, September 4th. The stock was bought at an average price of GBX 95 per share, for a total transaction of £30,114.05. Also, insider Andrew Coombs sold 500,000 shares of Sirius Real Estate stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of GBX 102, for a total transaction of £510,000. Over the last 90 days, insiders have purchased 419,861 shares of company stock valued at $39,818,799. Insiders own 4.47% 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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