Sirius Real Estate (LON:SRE) Sets New 12-Month High - Should You Buy?

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.

Sirius Real Estate Limited (LON:SRE - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 101.80 ($1.38) and last traded at GBX 101.50 ($1.37), with a volume of 1512687 shares. The stock had previously closed at GBX 100.20 ($1.35).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank boosted their target price on Sirius Real Estate from GBX 110 ($1.49) to GBX 120 ($1.62) and gave the company a "buy" rating in a report on Monday, June 2nd.

Sirius Real Estate Price Performance

The company has a fifty day moving average price of GBX 95.44 and a two-hundred day moving average price of GBX 87.15. The company has a current ratio of 6.55, a quick ratio of 1.49 and a debt-to-equity ratio of 60.06. The firm has a market capitalization of £1.82 billion, a PE ratio of 13.15 and a beta of 1.18.

Insider Buying and Selling

In related news, insider Chris Bowman acquired 15,000 shares of Sirius Real Estate stock in a transaction on Friday, June 6th. The stock was purchased at an average cost of GBX 97 ($1.31) per share, with a total value of £14,550 ($19,654.19). 1.95% of the stock is currently owned by corporate insiders.

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.

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