Sirius Real Estate (LON:SRE) Share Price Passes Below 200 Day Moving Average - Should You Sell?

Key Points

• Fell below its 200-day moving average: Sirius Real Estate traded as low as GBX 95.40 and last at GBX 96.95, slipping under the 200‑day MA of GBX 99.05 on volume of about 8.24 million shares.
• Analysts remain constructive: Five analysts rate the stock a Buy with an average target of GBX 125, including Berenberg lifting its target to GBX 136 and Jefferies at GBX 114.
• Notable insider buying: Insiders purchased 88,233 shares in the past 90 days (including two buys on Feb 16 at GBX 102), and insiders own 4.36% of the company, signaling management confidence.

Sirius Real Estate Limited (LON:SRE - Get Free Report)'s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 99.05 and traded as low as GBX 95.40. Sirius Real Estate shares last traded at GBX 96.95, with a volume of 8,235,340 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SRE. Berenberg Bank raised their target price on Sirius Real Estate from GBX 133 to GBX 136 and gave the stock a "buy" rating in a research report on Monday, January 26th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 114 price target on shares of Sirius Real Estate in a research note on Tuesday, April 14th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Sirius Real Estate presently has an average rating of "Buy" and an average target price of GBX 125.

Sirius Real Estate Stock Performance

The company has a market cap of £1.54 billion, a PE ratio of 7.05 and a beta of 1.20. The company has a debt-to-equity ratio of 85.07, a quick ratio of 1.49 and a current ratio of 0.93. The stock's 50-day simple moving average is GBX 100.09 and its 200 day simple moving average is GBX 99.05.

Insider Buying and Selling

In other news, insider Andrew Coombs purchased 49,019 shares of the firm's stock in a transaction dated Monday, February 16th. The shares were acquired at an average price of GBX 102 per share, with a total value of £49,999.38. Also, insider Kelly Cleveland bought 24,509 shares of the firm's stock in a transaction on Monday, February 16th. The shares were purchased at an average price of GBX 102 per share, for a total transaction of £24,999.18. Over the last 90 days, insiders have purchased 88,233 shares of company stock valued at $8,999,766. Corporate insiders own 4.36% 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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