Sirius Real Estate (LON:SRE) Hits New 1-Year High Following Insider Buying Activity

Key Points

• Sirius Real Estate Limited achieved a new 52-week high with its stock price reaching GBX 101.80 ($1.38) during mid-day trading, reflecting positive market performance.
• Berenberg Bank has increased their target price for Sirius Real Estate from GBX 110 ($1.49) to GBX 120 ($1.62), indicating strong growth expectations and maintaining a "buy" rating.
• Insider Chris Bowman purchased 15,000 shares at an average price of GBX 97 ($1.31), showcasing confidence in the company's future prospects.

Shares of Sirius Real Estate Limited (LON:SRE - Get Free Report) reached a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 101.80 ($1.36) and last traded at GBX 101.50 ($1.36), with a volume of 1512687 shares changing hands. The stock had previously closed at GBX 100.20 ($1.34).

Specifically, insider Chris Bowman acquired 1,686 shares of the business's stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average cost of GBX 101 ($1.35) per share, with a total value of £1,702.86 ($2,275.03). Also, insider Andrew Coombs acquired 1,686 shares of the stock in a transaction dated Thursday, July 24th. The shares were acquired at an average cost of GBX 101 ($1.35) per share, with a total value of £1,702.86 ($2,275.03).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on shares of Sirius Real Estate from GBX 110 ($1.47) to GBX 120 ($1.60) and gave the company a "buy" rating in a report on Monday, June 2nd.

Sirius Real Estate Stock Performance

The stock's 50 day simple moving average is GBX 95.73 and its two-hundred day simple moving average is GBX 87.71. The company has a market cap of £1.85 billion, a PE ratio of 13.42 and a beta of 1.18. The company has a quick ratio of 1.49, a current ratio of 6.55 and a debt-to-equity ratio of 60.06.

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.