Berenberg Bank Issues Positive Forecast for Sirius Real Estate (LON:SRE) Stock Price

Sirius Real Estate (LON:SRE) had its price objective hoisted by analysts at Berenberg Bank from GBX 133 to GBX 136 in a note issued to investors on Monday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective suggests a potential upside of 38.20% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Peel Hunt restated a “buy” rating and set a GBX 125 price target on shares of Sirius Real Estate in a report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft lifted their price objective on Sirius Real Estate from GBX 115 to GBX 120 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, Panmure Gordon upped their target price on Sirius Real Estate from GBX 125 to GBX 130 and gave the company a “buy” rating in a report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Sirius Real Estate has a consensus rating of “Buy” and an average price target of GBX 127.75.

Sirius Real Estate Trading Down 1.8%

Shares of SRE stock traded down GBX 1.79 during mid-day trading on Monday, reaching GBX 98.41. The stock had a trading volume of 4,376,714 shares, compared to its average volume of 17,909,711. The firm has a market capitalization of £1.48 billion, a PE ratio of 7.12 and a beta of 1.18. The stock’s 50-day moving average price is GBX 96.56 and its two-hundred day moving average price is GBX 98.61. 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 52-week low of GBX 75.55 and a 52-week high of GBX 107.

Insider Transactions at Sirius Real Estate

In other Sirius Real Estate news, insider Andrew Coombs sold 250,000 shares of the firm’s stock in a transaction dated Monday, January 19th. The shares were sold at an average price of GBX 101, for a total transaction of £252,500. Also, insider Deborah Davis acquired 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of GBX 95 per share, with a total value of £19,000. 4.59% of the stock is currently owned by corporate 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.