Sirius Real Estate (LON:SRE) Hits New 52-Week Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

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

Sirius Real Estate Stock Up 0.6%

The firm has a market capitalization of £1.43 billion, a P/E ratio of 6.06 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. The firm’s 50-day moving average is GBX 96.08 and its 200 day moving average is GBX 97.30.

Insider Activity at Sirius Real Estate

In other news, insider Chris Bowman bought 1,746 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were purchased at an average price of GBX 97 per share, for a total transaction of £1,693.62. Also, insider Joanne Kenrick purchased 31,699 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were acquired at an average cost of GBX 95 per share, with a total value of £30,114.05. In the last quarter, insiders have bought 319,861 shares of company stock valued at $30,818,799. 4.46% of the stock is 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.