Sirius Real Estate’s (SRE) Buy Rating Reaffirmed at Jefferies Financial Group

Sirius Real Estate (LON:SRE)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a report issued on Monday, Marketbeat.com reports. They currently have a GBX 110 price objective on the stock. Jefferies Financial Group’s target price indicates a potential upside of 24.43% from the company’s current price.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 134 target price on shares of Sirius Real Estate in a report on Monday, October 5th. Five analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 123.80.

Sirius Real Estate Price Performance

SRE stock traded down GBX 0.35 during trading on Monday, hitting GBX 88.40. The stock had a trading volume of 3,055,030 shares, compared to its average volume of 11,633,591. The company has a debt-to-equity ratio of 76.76, a current ratio of 0.92 and a quick ratio of 1.49. Sirius Real Estate has a twelve month low of GBX 85.85 and a twelve month high of GBX 112.80. The stock has a market capitalization of £1.40 billion, a P/E ratio of 5.95 and a beta of 1.20. The company’s 50-day moving average price is GBX 93.83 and its two-hundred day moving average price is GBX 96.59.

Insider Buying and Selling

In related news, insider Andrew Coombs sold 500,000 shares of Sirius Real Estate stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of GBX 102, for a total transaction of £510,000. Also, insider Joanne Kenrick acquired 31,699 shares of the stock in a transaction on Friday, September 4th. The shares were bought at an average cost of GBX 95 per share, for a total transaction of £30,114.05. Over the last 90 days, insiders have purchased 419,861 shares of company stock worth $39,818,799. 4.47% of the stock is 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.