Sirius Real Estate (LON:SRE) Given New GBX 18 Price Target at Jefferies Financial Group

Sirius Real Estate (LON:SRE) had its price objective reduced by equities researchers at Jefferies Financial Group from GBX 108 to GBX 18 in a research note issued on Thursday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential downside of 80.41% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 134 price target on shares of Sirius Real Estate in a research report on Monday, October 5th. Peel Hunt restated a “buy” rating and issued a GBX 125 price objective on shares of Sirius Real Estate in a research report on Monday. Five analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of GBX 105.40.

Sirius Real Estate Stock Up 2.3%

SRE opened at GBX 91.90 on Thursday. Sirius Real Estate has a fifty-two week low of GBX 85.85 and a fifty-two week high of GBX 112.80. The company has a debt-to-equity ratio of 76.76, a quick ratio of 1.49 and a current ratio of 0.92. The company has a fifty day moving average of GBX 93.13 and a two-hundred day moving average of GBX 96.53. The stock has a market capitalization of £1.45 billion, a price-to-earnings ratio of 6.18 and a beta of 1.20.

Insider Buying and Selling

In related news, insider Andrew Coombs sold 500,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of GBX 102, for a total value of £510,000. Also, insider Joanne Kenrick bought 31,699 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was purchased at an average price of GBX 95 per share, for a total transaction of £30,114.05. Insiders purchased a total of 419,861 shares of company stock worth $39,818,799 in the last 90 days. Insiders own 4.47% of the company’s stock.

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.