Sirius Real Estate (LON:SRE) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Sirius Real Estate Limited (LON:SRE)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 98.27 and traded as low as GBX 91.05. Sirius Real Estate shares last traded at GBX 91.25, with a volume of 44,710,375 shares.

Analyst Upgrades and Downgrades

SRE has been the topic of several recent research reports. Panmure Gordon increased their target price on Sirius Real Estate from GBX 125 to GBX 130 and gave the company a “buy” rating in a research report on Monday, November 24th. Berenberg Bank decreased their price objective on Sirius Real Estate from GBX 134 to GBX 133 and set a “buy” rating for the company in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft raised their price objective on Sirius Real Estate from GBX 115 to GBX 120 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 125 target price on shares of Sirius Real Estate in a report on Tuesday, November 18th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 124.60.

Sirius Real Estate Price Performance

The stock has a 50-day moving average price of GBX 98.43 and a two-hundred day moving average price of GBX 98.31. The company has a current ratio of 6.55, a quick ratio of 1.49 and a debt-to-equity ratio of 60.06. The stock has a market cap of £1.37 billion, a price-to-earnings ratio of 6.60 and a beta of 1.18.

Insider Activity

In other news, insider Andrew Coombs sold 500,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of GBX 98, for a total transaction of £490,000. Also, insider Deborah Davis bought 20,000 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average price of GBX 95 per share, with a total value of £19,000. Corporate insiders own 4.59% 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.