Sirius Real Estate (LON:SRE) Receives Buy Rating from Jefferies Financial Group

Key Points

• Jefferies reaffirmed a Buy on Sirius Real Estate with a GBX 114 price target (implying ~13.6% upside), while Berenberg raised its target to GBX 136; five analysts rate the stock a Buy with a consensus target of GBX 125.
• Shares traded up 2.1% to GBX 100.40, giving Sirius Real Estate a market cap of £1.59 billion and a P/E of 7.26, with a 52-week range of GBX 85.05–112.80.
• Insider activity is mixed: director Andrew Coombs sold 250,000 shares at GBX 101, while Chris Bowman bought 14,705 shares at GBX 102; insiders own 4.36% of the company and bought 88,233 shares (~£9.0m) in the last 90 days.

Sirius Real Estate (LON:SRE - Get Free Report)'s stock had its "buy" rating reaffirmed by equities researchers at Jefferies Financial Group in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 114 price objective on the stock. Jefferies Financial Group's price target suggests a potential upside of 13.55% from the stock's previous close.

Separately, Berenberg Bank raised their price target on Sirius Real Estate from GBX 133 to GBX 136 and gave the stock a "buy" rating in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of GBX 125.

Sirius Real Estate Trading Up 2.1%

Shares of LON:SRE traded up GBX 2.10 during trading on Tuesday, hitting GBX 100.40. The company had a trading volume of 509,258 shares, compared to its average volume of 11,756,845. The stock has a market cap of £1.59 billion, a price-to-earnings ratio of 7.26 and a beta of 1.20. Sirius Real Estate has a one year low of GBX 85.05 and a one year high of GBX 112.80. The company has a fifty day simple moving average of GBX 100.17 and a two-hundred day simple moving average of GBX 98.71. The company has a debt-to-equity ratio of 85.07, a current ratio of 0.93 and a quick ratio of 1.49.

Insiders Place Their Bets

In other Sirius Real Estate news, insider Andrew Coombs sold 250,000 shares of the firm's stock in a transaction on Monday, January 19th. The stock was sold at an average price of GBX 101, for a total transaction of £252,500. Also, insider Chris Bowman acquired 14,705 shares of Sirius Real Estate stock in a transaction on Monday, February 16th. The shares were purchased at an average price of GBX 102 per share, for a total transaction of £14,999.10. Insiders have bought 88,233 shares of company stock worth $8,999,766 in the last ninety days. 4.36% of the stock is owned by company 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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