Sirius Real Estate (LON:SRE) Hits New 52-Week Low – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 110 price objective on shares of Sirius Real Estate in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 120 price target on shares of Sirius Real Estate in a research note on Tuesday, June 2nd. Finally, Berenberg Bank reiterated 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 has a consensus rating of “Buy” and an average target price of GBX 123.80.

Sirius Real Estate Price Performance

The firm has a market cap of £1.43 billion, a price-to-earnings ratio of 6.07 and a beta of 1.20. The company has a current ratio of 0.92, a quick ratio of 1.49 and a debt-to-equity ratio of 76.76. The company has a 50 day moving average of GBX 96.34 and a 200 day moving average of GBX 97.50.

Insider Transactions at Sirius Real Estate

In other Sirius Real Estate news, insider Chris Bowman purchased 1,746 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was bought at an average cost of GBX 97 per share, with a total value of £1,693.62. Also, insider Andrew Coombs purchased 250,000 shares of the business’s stock in a transaction on Monday, August 17th. The shares were acquired at an average cost of GBX 96 per share, for a total transaction of £240,000. Insiders have acquired a total of 319,861 shares of company stock valued at $30,818,799 over the last 90 days. 4.46% of the stock is owned by company 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.