Sirius Real Estate (LON:SRE) Stock Price Passes Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Sirius Real Estate shares fell below their 200-day moving average, reaching GBX 92.30 and closing at GBX 92.50, down 1.3% with more than 1.7 million shares traded.
• Analysts remain positive, with five Buy ratings and a consensus price target of GBX 123.80. Recent targets range from GBX 110 to GBX 134.
• Insider activity was mixed: Chris Bowman bought 736,514 shares, while Andrew Coombs sold 500,000 shares. Insiders own 4.47% of the company.

Shares of Sirius Real Estate Limited (LON:SRE - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 98.91 and traded as low as GBX 92.30. Sirius Real Estate shares last traded at GBX 92.50, with a volume of 1,724,164 shares traded.

Analysts Set New Price Targets

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

Sirius Real Estate Trading Down 1.3%

The company has a quick ratio of 1.49, a current ratio of 0.92 and a debt-to-equity ratio of 76.76. The company has a market capitalization of £1.46 billion, a P/E ratio of 6.22 and a beta of 1.20. The firm's 50-day moving average price is GBX 97.49 and its 200 day moving average price is GBX 98.91.

Insider Transactions at Sirius Real Estate

In related news, insider Chris Bowman acquired 736,514 shares of the stock in a transaction dated Monday, June 22nd. The stock was purchased at an average cost of GBX 97 per share, with a total value of £714,418.58. Also, insider Andrew Coombs sold 500,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of GBX 102, for a total value of £510,000. Insiders have acquired a total of 1,024,676 shares of company stock valued at $99,249,252 in the last quarter. Company insiders own 4.47% 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.

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