Sirius Real Estate (LON:SRE) Earns Buy Rating from Peel Hunt

Key Points

• Sirius Real Estate has received a "buy" rating from Peel Hunt, with a price target of GBX 120, indicating a potential upside of 24.16% from its current price.
• Insiders have robustly purchased shares recently, with notable transactions including Chris Bowman and Andrew Coombs buying shares at GBX 101, amounting to significant investments over the last ninety days.
• The company's stock is currently down 1.3% as it trades at GBX 96.65, while it maintains a market capitalization of £1.46 billion.

Sirius Real Estate (LON:SRE - Get Free Report)'s stock had its "buy" rating reissued by analysts at Peel Hunt in a note issued to investors on Monday, Marketbeat.com reports. They currently have a GBX 120 price target on the stock. Peel Hunt's price target would indicate a potential upside of 22.96% from the company's previous close.

Separately, Berenberg Bank reissued a "buy" rating and set a GBX 120 price target on shares of Sirius Real Estate in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Sirius Real Estate currently has a consensus rating of "Buy" and a consensus price target of GBX 118.33.

Sirius Real Estate Stock Down 0.4%

LON:SRE traded down GBX 0.41 during trading hours on Monday, hitting GBX 97.59. The stock had a trading volume of 4,776,723 shares, compared to its average volume of 9,382,138. The company has a current ratio of 6.55, a quick ratio of 1.49 and a debt-to-equity ratio of 60.06. Sirius Real Estate has a 1-year low of GBX 72.65 and a 1-year high of GBX 107. The business has a 50 day simple moving average of GBX 100.12 and a two-hundred day simple moving average of GBX 93.61. The company has a market cap of £1.47 billion, a PE ratio of 811.90 and a beta of 1.18.

Insider Buying and Selling at Sirius Real Estate

In related news, insider Chris Bowman bought 1,686 shares of the business's stock in a transaction on Thursday, July 24th. The shares were bought at an average cost of GBX 101 per share, for a total transaction of £1,702.86. Also, insider Andrew Coombs bought 28,750 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was bought at an average price of GBX 101 per share, for a total transaction of £29,037.50. Insiders have purchased 32,122 shares of company stock worth $3,244,322 over the last 90 days. 4.62% of the stock is currently owned by company insiders.

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.