Berenberg Bank Reaffirms "Buy" Rating for Sirius Real Estate (LON:SRE)

Key Points

• Berenberg Bank reaffirmed a "buy" rating for Sirius Real Estate (LON:SRE) and set a price target of GBX 115, suggesting an 11% upside from the current stock price.
• Peel Hunt also maintains a "buy" rating for the company, with a target price of GBX 120, indicating strong analyst support for the stock.
• The stock traded at GBX 103.60 with a market capitalization of £1.56 billion and has shown consistent interest from insiders, with recent transactions involving significant share movements.

Sirius Real Estate (LON:SRE - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Berenberg Bank in a report released on Wednesday,Digital Look reports. They presently have a GBX 115 price target on the stock. Berenberg Bank's target price would indicate a potential upside of 11.00% from the stock's current price.

Separately, Peel Hunt reaffirmed a "buy" rating and set a GBX 120 target price on shares of Sirius Real Estate in a report on Monday. Three investment 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 price target of GBX 116.67.

Sirius Real Estate Price Performance

SRE stock traded up GBX 3.60 during midday trading on Wednesday, reaching GBX 103.60. 3,395,747 shares of the stock were exchanged, compared to its average volume of 8,691,951. The stock has a market capitalization of £1.56 billion, a PE ratio of 8.62 and a beta of 1.18. Sirius Real Estate has a 52 week low of GBX 72.65 and a 52 week high of GBX 107. The company has a fifty day moving average price of GBX 98.70 and a 200 day moving average price of GBX 95.89. The company has a debt-to-equity ratio of 60.06, a current ratio of 6.55 and a quick ratio of 1.49.

Insider Activity

In related news, insider Andrew Coombs sold 500,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of GBX 98, for a total transaction of £490,000. Also, insider Chris Bowman bought 1,686 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average price of GBX 101 per share, for a total transaction of £1,702.86. In the last 90 days, insiders have purchased 32,122 shares of company stock worth $3,244,322. 4.62% of the stock is owned by corporate 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.

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