Sirius Real Estate (LON:SRE) Receives "Buy" Rating from Berenberg Bank

Key Points

• The stock of Sirius Real Estate (LON:SRE) has received a "buy" rating from Berenberg Bank, with a price target of GBX 120 ($1.60), indicating a potential upside of 12.65%.
• Sirius Real Estate shares experienced a 2.4% increase and have a market capitalization of £1.92 billion, alongside a PE ratio of 13.94.
• Insiders have purchased a total of 49,622 shares valued at nearly $4.94 million in the last 90 days, reflecting confidence in the company's prospects.

Berenberg Bank reissued their buy rating on shares of Sirius Real Estate (LON:SRE - Free Report) in a research note issued to investors on Wednesday, Marketbeat reports. Berenberg Bank currently has a GBX 120 ($1.61) price target on the stock.

Sirius Real Estate Trading Up 0.3%

SRE traded up GBX 0.30 ($0.00) during trading on Wednesday, hitting GBX 105.70 ($1.42). 2,119,869 shares of the stock traded hands, compared to its average volume of 6,570,108. The firm has a market capitalization of £1.91 billion, a P/E ratio of 13.83 and a beta of 1.18. The company has a debt-to-equity ratio of 60.06, a current ratio of 6.55 and a quick ratio of 1.49. The firm has a 50-day moving average of GBX 97.79 and a 200 day moving average of GBX 89.26. Sirius Real Estate has a 12-month low of GBX 72.65 ($0.98) and a 12-month high of GBX 107 ($1.44).

Insider Transactions at Sirius Real Estate

In related news, insider Chris Bowman bought 1,686 shares of the business's stock in a transaction dated Thursday, July 24th. The shares were purchased at an average price of GBX 101 ($1.36) per share, with a total value of £1,702.86 ($2,290.33). Also, insider Andrew Coombs bought 28,750 shares of the business's stock in a transaction dated Tuesday, July 29th. The shares were bought at an average cost of GBX 101 ($1.36) per share, for a total transaction of £29,037.50 ($39,055.14). Insiders have bought a total of 49,622 shares of company stock worth $4,944,322 in the last ninety days. Insiders own 1.95% 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.