Sirius Real Estate (LON:SRE) Reaches New 1-Year High – Time to Buy?

Sirius Real Estate Limited (LON:SRE) reached a new 52-week high during trading on Friday . The company traded as high as GBX 108.50 and last traded at GBX 107.60, with a volume of 1372191 shares trading hands. The stock had previously closed at GBX 106.30.

Analyst Ratings Changes

Several research firms recently issued reports on SRE. Panmure Gordon raised their target price on shares of Sirius Real Estate from GBX 125 to GBX 130 and gave the stock a “buy” rating in a research report on Monday, November 24th. Peel Hunt reiterated 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 boosted their price objective on shares of Sirius Real Estate from GBX 133 to GBX 136 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Sirius Real Estate from GBX 115 to GBX 120 and gave the stock a “buy” rating in a research report on Friday, December 5th. Four investment 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 127.75.

Sirius Real Estate Price Performance

The company’s fifty day moving average is GBX 98.70 and its two-hundred day moving average is GBX 98.87. 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 firm has a market cap of £1.62 billion, a price-to-earnings ratio of 7.79 and a beta of 1.18.

Insider Buying and Selling

In related news, insider Andrew Coombs sold 250,000 shares of the firm’s stock in a transaction dated Monday, January 19th. The stock was sold at an average price of GBX 101, for a total transaction of £252,500. Also, insider Deborah Davis purchased 20,000 shares of Sirius Real Estate stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average cost of GBX 95 per share, for a total transaction of £19,000. In the last ninety days, insiders have purchased 158,233 shares of company stock worth $15,699,766. Company insiders own 4.57% 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.