Sirius Real Estate (LON:SRE) Sets New 52-Week Low – Here’s Why

Sirius Real Estate Limited (LON:SRE) shares hit a new 52-week low during mid-day 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 traded. The stock had previously closed at GBX 88.85.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 110 price objective on shares of Sirius Real Estate in a report on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 123.80.

Sirius Real Estate Stock Performance

The company has a market capitalization of £1.39 billion, a P/E ratio of 5.92 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 stock’s 50 day moving average price is GBX 95.42 and its 200 day moving average price is GBX 97.03.

Insiders Place Their Bets

In related news, insider Andrew Coombs sold 500,000 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of GBX 102, for a total value of £510,000. Also, insider Chris Bowman bought 1,746 shares of the stock in a transaction dated Wednesday, August 12th. The stock was purchased at an average price of GBX 97 per share, with a total value of £1,693.62. In the last three months, insiders have acquired 419,861 shares of company stock worth $39,818,799. Corporate insiders own 4.46% 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.