Sirius Real Estate (LON:SRE) Price Target Raised to GBX 120

Sirius Real Estate (LON:SRE) had its target price increased by Deutsche Bank Aktiengesellschaft from GBX 115 to GBX 120 in a report published on Friday morning, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

Several other research analysts have also weighed in on the stock. Peel Hunt restated a “buy” rating and set a GBX 125 price objective on shares of Sirius Real Estate in a research note on Tuesday, November 18th. Panmure Gordon lifted their price target on Sirius Real Estate from GBX 125 to GBX 130 and gave the stock a “buy” rating in a report on Monday, November 24th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sirius Real Estate presently has an average rating of “Buy” and a consensus price target of GBX 124.60.

Sirius Real Estate Trading Down 0.1%

Shares of SRE opened at GBX 96.65 on Friday. Sirius Real Estate has a 1 year low of GBX 72.65 and a 1 year high of GBX 107. The company has a current ratio of 6.55, a quick ratio of 1.49 and a debt-to-equity ratio of 60.06. The stock has a 50 day simple moving average of GBX 98.81 and a 200-day simple moving average of GBX 98.30. The stock has a market cap of £1.46 billion, a PE ratio of 6.99 and a beta of 1.18.

Insider Buying and Selling

In other news, insider Deborah Davis purchased 20,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were purchased at an average price of GBX 95 per share, for a total transaction of £19,000. Also, insider Andrew Coombs sold 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of GBX 98, for a total value of £490,000. 4.59% of the stock is owned by 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.