Sirius Real Estate's (SRE) Buy Rating Reiterated at Peel Hunt

Key Points

• Peel Hunt has reiterated a "buy" rating for Sirius Real Estate (SRE) with a target price of GBX 120, indicating a potential upside of 21.27% based on the stock's previous close.
• Berenberg Bank also maintains a "buy" rating but has lowered its price objective for the stock from GBX 120 to GBX 115.
• Insiders of Sirius Real Estate have been active, with purchases totaling 32,122 shares in the last quarter, while one insider sold 500,000 shares in a separate transaction.

Sirius Real Estate (LON:SRE - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Peel Hunt in a note issued to investors on Monday,Digital Look reports. They presently have a GBX 120 target price on the stock. Peel Hunt's target price would suggest a potential upside of 21.27% from the stock's previous close.

Separately, Berenberg Bank dropped their price objective on shares of Sirius Real Estate from GBX 120 to GBX 115 and set a "buy" rating on the stock in a research note on Monday, October 6th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Sirius Real Estate presently has a consensus rating of "Buy" and a consensus target price of GBX 116.67.

Sirius Real Estate Stock Performance

LON SRE opened at GBX 98.95 on Monday. The firm has a market capitalization of £1.49 billion, a P/E ratio of 8.23 and a beta of 1.18. The stock has a 50-day simple moving average of GBX 98.83 and a two-hundred day simple moving average of GBX 95.76. The company has a debt-to-equity ratio of 60.06, a quick ratio of 1.49 and a current ratio of 6.55. Sirius Real Estate has a fifty-two week low of GBX 72.65 and a fifty-two week high of GBX 107.

Insider Buying and Selling

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

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