Berenberg Bank Has Lowered Expectations for Sirius Real Estate (LON:SRE) Stock Price

Key Points

• Berenberg Bank has lowered its price target for Sirius Real Estate from GBX 120 to GBX 115, while maintaining a "buy" rating, suggesting a potential upside of 21.63% from the current price.
• Despite Berenberg's downgrade, Peel Hunt has reiterated a "buy" rating with a price target of GBX 120, with the stock averaging a price target of GBX 116.67 among analysts.
• Recent trading data shows Sirius Real Estate shares are down 3.0%, with a market cap of £1.42 billion and trading around GBX 94.55.

Sirius Real Estate (LON:SRE - Get Free Report) had its target price decreased by equities researchers at Berenberg Bank from GBX 120 to GBX 115 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price objective would suggest a potential upside of 21.63% from the stock's current price.

Separately, Peel Hunt reiterated a "buy" rating and issued a GBX 120 price objective on shares of Sirius Real Estate in a report on Monday, September 15th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of GBX 116.67.

Sirius Real Estate Trading Down 3.0%

Shares of Sirius Real Estate stock opened at GBX 94.55 on Monday. The firm has a market cap of £1.42 billion, a PE ratio of 786.61 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 6.55 and a debt-to-equity ratio of 60.06. Sirius Real Estate has a fifty-two week low of GBX 72.65 and a fifty-two week high of GBX 107. The business's fifty day moving average is GBX 100.09 and its two-hundred day moving average is GBX 94.85.

Insiders Place Their Bets

In other news, insider Andrew Coombs sold 500,000 shares of the business's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of GBX 98, for a total transaction of £490,000. Also, insider Chris Bowman purchased 1,686 shares of the stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average cost of GBX 101 per share, with a total value of £1,702.86. Insiders have bought 32,122 shares of company stock worth $3,244,322 over the last ninety days. 4.62% of the stock is owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.