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

Sirius Real Estate Limited (LON:SRE) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 110.90 and last traded at GBX 109.90, with a volume of 3949155 shares. The stock had previously closed at GBX 108.50.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Panmure Gordon boosted their price objective on shares of Sirius Real Estate from GBX 125 to GBX 130 and gave the company a “buy” rating in a report on Monday, November 24th. Peel Hunt reaffirmed a “buy” rating and set a GBX 125 price target on shares of Sirius Real Estate in a research report on Tuesday, November 18th. Berenberg Bank boosted their price target on 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 price objective on Sirius Real Estate from GBX 115 to GBX 120 and gave the company a “buy” rating in a report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 127.75.

Sirius Real Estate Trading Up 0.7%

The stock has a market cap of £1.67 billion, a PE ratio of 8.01 and a beta of 1.18. The company’s fifty day moving average is GBX 99.71 and its 200-day moving average is GBX 98.93. The company has a debt-to-equity ratio of 60.06, a current ratio of 6.55 and a quick ratio of 1.49.

Insider Buying and Selling at Sirius Real Estate

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 Chris Bowman purchased 14,705 shares of Sirius Real Estate stock in a transaction that occurred on Monday, February 16th. The shares were bought at an average price of GBX 102 per share, with a total value of £14,999.10. In the last quarter, insiders purchased 88,233 shares of company stock worth $8,999,766. Insiders own 4.57% of the company’s stock.

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.