Sirius Real Estate (LON:SRE) Hits New 12-Month Low - Should You Sell?

Key Points

• Sirius Real Estate shares hit a new 52-week low, trading as low as GBX 89.70 and last changing hands at GBX 90.25, below both their 50-day and 200-day moving averages.
• Despite the decline, all five cited analysts rate the stock a “Buy”, with a consensus price target of GBX 123.80—substantially above the current price.
• Company insiders have recently bought 319,861 shares worth approximately £30.8 million, potentially signaling confidence, while insiders own 4.46% of the stock.

Shares of Sirius Real Estate Limited (LON:SRE - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 89.70 and last traded at GBX 90.25, with a volume of 56581375 shares. The stock had previously closed at GBX 91.10.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SRE shares. Berenberg Bank reiterated a "buy" rating and set a GBX 134 target price on shares of Sirius Real Estate in a report on Monday, June 1st. Jefferies Financial Group restated a "buy" rating and issued a GBX 110 price objective on shares of Sirius Real Estate in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 120 price objective on shares of Sirius Real Estate in a research report on Tuesday, June 2nd. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat, Sirius Real Estate presently has a consensus rating of "Buy" and an average target price of GBX 123.80.

Sirius Real Estate Price Performance

The company has a market capitalization of £1.43 billion, a PE ratio of 6.07 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 1.49 and a debt-to-equity ratio of 76.76. The company's 50 day moving average price is GBX 96.34 and its 200-day moving average price is GBX 97.50.

Insider Activity

In other Sirius Real Estate news, insider Joanne Kenrick purchased 31,699 shares of Sirius Real Estate stock in a transaction dated Friday, September 4th. The shares were bought at an average cost of GBX 95 per share, for a total transaction of £30,114.05. Also, insider Andrew Coombs purchased 250,000 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of GBX 96 per share, for a total transaction of £240,000. In the last ninety days, insiders bought 319,861 shares of company stock worth $30,818,799. 4.46% of the stock is currently 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.

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