Sirius Real Estate (SRE) PT Raised to GBX 75
Sirius Real Estate (LON:SRE) had its target price upped by analysts at Berenberg Bank from GBX 72 ($0.94) to GBX 75 ($0.98) in a report released on Monday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 17.19% from the company’s previous close.
Separately, Peel Hunt restated a “buy” rating on shares of Sirius Real Estate in a report on Wednesday, April 3rd.
LON:SRE opened at GBX 64 ($0.84) on Monday. Sirius Real Estate has a twelve month low of GBX 55.40 ($0.72) and a twelve month high of GBX 68.60 ($0.90). The firm has a market cap of $654.17 million and a PE ratio of 5.38. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 53.35.
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.
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