Sirius Real Estate (LON:SRE) Given “Buy” Rating at Jefferies Financial Group

Sirius Real Estate (LON:SRE)‘s stock had its “buy” rating reaffirmed by stock analysts at Jefferies Financial Group in a note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 115 ($1.46) price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 43.66% from the stock’s current price.

Sirius Real Estate Stock Performance

LON:SRE traded down GBX 0.35 ($0.00) during midday trading on Tuesday, reaching GBX 80.05 ($1.02). 1,663,441 shares of the company traded hands, compared to its average volume of 3,775,619. Sirius Real Estate has a twelve month low of GBX 79.15 ($1.00) and a twelve month high of GBX 101.80 ($1.29). The company has a debt-to-equity ratio of 69.81, a current ratio of 1.87 and a quick ratio of 1.49. The company has a fifty day moving average price of GBX 89 and a 200 day moving average price of GBX 94.12. The firm has a market capitalization of £1.20 billion, a price-to-earnings ratio of 1,142.14 and a beta of 1.18.

Insider Buying and Selling

In other news, insider Andrew Coombs sold 1,008,700 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of GBX 98 ($1.24), for a total value of £988,526 ($1,254,156.31). Corporate insiders own 1.95% 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.