Jefferies Financial Group Reaffirms “Buy” Rating for Sirius Real Estate (LON:SRE)

Sirius Real Estate (LON:SRE)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a research report issued on Monday, October 5th, MarketBeat Ratings reports. They currently have a GBX 110 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 24.36% from the company’s previous close.

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

Sirius Real Estate Stock Up 0.1%

Shares of LON SRE traded up GBX 0.05 during midday trading on Monday, reaching GBX 88.45. 1,380,911 shares of the company’s stock were exchanged, compared to its average volume of 11,586,199. The company has a debt-to-equity ratio of 76.76, a quick ratio of 1.49 and a current ratio of 0.92. Sirius Real Estate has a 52-week low of GBX 85.85 and a 52-week high of GBX 112.80. The business’s fifty day moving average price is GBX 93.83 and its two-hundred day moving average price is GBX 96.61. The stock has a market capitalization of £1.40 billion, a PE ratio of 5.95 and a beta of 1.20.

Insider Buying and Selling at Sirius Real Estate

In other Sirius Real Estate news, insider Andrew Coombs sold 500,000 shares of the stock in a transaction on Wednesday, August 5th. The shares were 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 firm’s stock in a transaction on Friday, September 4th. The shares were bought at an average cost of GBX 95 per share, with a total value of £30,114.05. Insiders have purchased 419,861 shares of company stock worth $39,818,799 in the last ninety days. 4.47% of the stock is 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.