Peel Hunt Reaffirms Buy Rating for Sirius Real Estate (SRE)
Separately, Berenberg Bank reissued a buy rating and set a GBX 72 ($0.94) target price on shares of Sirius Real Estate in a research note on Monday, November 19th.
Shares of SRE opened at GBX 64.20 ($0.84) on Thursday. The firm has a market cap of $655.53 million and a PE ratio of 5.39. Sirius Real Estate has a 12-month low of GBX 55.40 ($0.72) and a 12-month high of GBX 68.60 ($0.90). The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 53.35.
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.
Further Reading: How to calculate the intrinsic value of a stock
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