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

Key Points

• Sirius Real Estate reached a new 12-month high, trading at GBX 105.50 ($1.40), marking a significant milestone for the company's stock performance.
• Berenberg Bank upgraded its price target on Sirius Real Estate from GBX 110 ($1.46) to GBX 120 ($1.60) and assigned a "buy" rating, indicating positive sentiment among analysts.
• Insider purchases totaled 49,622 shares worth over $4.9 million in the last quarter, demonstrating confidence from company insiders in the stock's future.

Shares of Sirius Real Estate Limited (LON:SRE - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 105.50 ($1.42) and last traded at GBX 105.40 ($1.42), with a volume of 148429 shares traded. The stock had previously closed at GBX 104 ($1.40).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 120 ($1.61) price objective on shares of Sirius Real Estate in a report on Wednesday.

Sirius Real Estate Stock Performance

The company has a market cap of £1.91 billion, a price-to-earnings ratio of 13.83 and a beta of 1.18. The firm has a 50-day simple moving average of GBX 97.79 and a 200 day simple moving average of GBX 89.26. The company has a quick ratio of 1.49, a current ratio of 6.55 and a debt-to-equity ratio of 60.06.

Insider Buying and Selling at Sirius Real Estate

In other Sirius Real Estate news, insider Andrew Coombs acquired 28,750 shares of the stock in a transaction on Tuesday, July 29th. The shares were bought at an average cost of GBX 101 ($1.36) per share, with a total value of £29,037.50 ($39,055.14). Also, insider Chris Bowman purchased 1,686 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were bought at an average cost of GBX 101 ($1.36) per share, for a total transaction of £1,702.86 ($2,290.33). In the last quarter, insiders purchased 49,622 shares of company stock valued at $4,944,322. 1.95% 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.