Sirius Real Estate (LON:SRE) Price Target Raised to GBX 130 at Panmure Gordon

Sirius Real Estate (LON:SRE) had its price target upped by equities researchers at Panmure Gordon from GBX 125 to GBX 130 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage currently has a “buy” rating on the stock. Panmure Gordon’s target price would suggest a potential upside of 37.28% from the stock’s previous close.

Several other brokerages also recently weighed in on SRE. Peel Hunt reissued a “buy” rating and issued a GBX 125 price target on shares of Sirius Real Estate in a 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 analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sirius Real Estate presently has a consensus rating of “Buy” and an average price target of GBX 125.75.

Sirius Real Estate Trading Down 0.5%

Sirius Real Estate stock traded down GBX 0.50 during mid-day trading on Monday, hitting 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 company has a 50 day moving average of GBX 98.78 and a 200-day moving average of GBX 98. The company has a debt-to-equity ratio of 60.06, a quick ratio of 1.49 and a current ratio of 6.55. The stock has a market cap of £1.43 billion, a PE ratio of 7.88 and a beta of 1.18. Sirius Real Estate has a one year low of GBX 72.65 and a one year high of GBX 107.

Insider Buying and Selling

In other news, insider Andrew Coombs sold 500,000 shares of the business’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. 4.62% of the stock is currently owned by company 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.