Sirius Real Estate (LON:SRE) Reaches New 52-Week Low - Should You Sell?

Key Points

• Sirius Real Estate shares fell to a new 52-week low of GBX 88.35, with the stock last trading at GBX 88.75 and significantly below its 50- and 200-day moving averages.
• Despite the decline, all five covering analysts rate the stock a “Buy”, with an average price target of GBX 123.80—roughly 40% above the latest price.
• Insider activity has been mixed: insiders bought 419,861 shares over the past 90 days, while insider ownership stands at 4.46%; the company operates business parks and flexible workspace sites primarily in Germany.

Sirius Real Estate Limited (LON:SRE - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday. The company traded as low as GBX 88.35 and last traded at GBX 88.75, with a volume of 1395332 shares changing hands. The stock had previously closed at GBX 88.85.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SRE shares. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 134 target price on shares of Sirius Real Estate in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 120 price target on shares of Sirius Real Estate in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 110 price objective on shares of Sirius Real Estate in a research note on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Sirius Real Estate has an average rating of "Buy" and an average price target of GBX 123.80.

Sirius Real Estate Stock Performance

The stock has a 50 day moving average of GBX 95.76 and a 200 day moving average of GBX 97.16. The stock has a market capitalization of £1.40 billion, a P/E ratio of 5.97 and a beta of 1.20. The company has a debt-to-equity ratio of 76.76, a quick ratio of 1.49 and a current ratio of 0.92.

Insiders Place Their Bets

In other Sirius Real Estate news, insider Joanne Kenrick purchased 31,699 shares of the business's stock in a transaction dated Friday, September 4th. The shares were bought at an average price of GBX 95 per share, with a total value of £30,114.05. Also, insider Andrew Coombs sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of GBX 102, for a total value of £510,000. In the last 90 days, insiders bought 419,861 shares of company stock worth $39,818,799. Insiders own 4.46% of the company's stock.

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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