Panmure Gordon Issues Positive Forecast for Sirius Real Estate (LON:SRE) Stock Price

Sirius Real Estate (LON:SRE) had its price target lifted by equities researchers at Panmure Gordon from GBX 125 to GBX 130 in a research note issued on Monday,Digital Look reports. The firm currently has a “buy” rating on the stock. Panmure Gordon’s target price would indicate a potential upside of 37.28% from the company’s current price.

A number of other research firms also recently commented on SRE. Peel Hunt reaffirmed a “buy” rating and issued a GBX 125 price target on shares of Sirius Real Estate in a research note on Tuesday, November 18th. Berenberg Bank cut their target price on Sirius Real Estate from GBX 134 to GBX 133 and set a “buy” rating on the stock in a report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 125.75.

Sirius Real Estate Stock Down 0.5%

Shares of LON SRE traded down GBX 0.50 during midday trading on Monday, reaching GBX 94.70. The company’s stock had a trading volume of 1,827,759 shares, compared to its average volume of 8,338,949. The stock has a 50 day simple moving average of GBX 98.78 and a 200-day simple moving average of GBX 98. Sirius Real Estate has a fifty-two week low of GBX 72.65 and a fifty-two week 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 market capitalization of £1.43 billion, a price-to-earnings ratio of 7.88 and a beta of 1.18.

Insider Activity

In related news, 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 transaction of £490,000. 4.62% of the stock is currently 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.