Sirius Real Estate (LON:SRE) Stock Price Expected to Rise, Panmure Gordon Analyst Says

Sirius Real Estate (LON:SRE) had its price objective raised by analysts at Panmure Gordon from GBX 125 to GBX 130 in a note issued to investors on Monday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Panmure Gordon’s price objective would suggest a potential upside of 37.20% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Peel Hunt restated a “buy” rating and set a GBX 125 price objective on shares of Sirius Real Estate in a research report on Tuesday, November 18th. Berenberg Bank cut their price objective on Sirius Real Estate from GBX 134 to GBX 133 and set a “buy” rating for the company in a research report on Monday, November 17th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 125.75.

Sirius Real Estate Trading Up 0.2%

Shares of Sirius Real Estate stock opened at GBX 94.75 on Monday. The business has a fifty day simple moving average of GBX 98.70 and a 200-day simple moving average of GBX 98.03. Sirius Real Estate has a fifty-two week low of GBX 72.65 and a fifty-two week high of GBX 107. The firm has a market cap of £1.43 billion, a price-to-earnings ratio of 7.88 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 6.55 and a debt-to-equity ratio of 60.06.

Insider Buying and Selling

In other Sirius Real Estate news, insider Andrew Coombs bought 50,000 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was bought at an average cost of GBX 96 per share, with a total value of £48,000. Also, insider Deborah Davis purchased 20,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of GBX 95 per share, for a total transaction of £19,000. 4.62% of the stock is owned by 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.