Sirius Real Estate (LON:SRE) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Sirius Real Estate Limited (LON:SRE)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 98.91 and traded as low as GBX 92.30. Sirius Real Estate shares last traded at GBX 92.50, with a volume of 1,724,164 shares changing hands.

Analyst Upgrades and Downgrades

SRE has been the subject of several research analyst reports. Berenberg Bank reiterated a “buy” rating and set a GBX 134 target price on shares of Sirius Real Estate in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 120 target price on shares of Sirius Real Estate in a research note on Tuesday, June 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 110 target price on shares of Sirius Real Estate in a research report on Thursday, June 25th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sirius Real Estate presently has a consensus rating of “Buy” and a consensus target price of GBX 123.80.

Sirius Real Estate Trading Up 0.8%

The company has a quick ratio of 1.49, a current ratio of 0.92 and a debt-to-equity ratio of 76.76. The stock’s 50 day moving average price is GBX 97.37 and its 200-day moving average price is GBX 98.84. The stock has a market capitalization of £1.51 billion, a P/E ratio of 6.42 and a beta of 1.20.

Insider Activity

In other news, insider Chris Bowman purchased 736,514 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average cost of GBX 97 per share, with a total value of £714,418.58. Also, insider Andrew Coombs sold 500,000 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of GBX 102, for a total transaction of £510,000. Insiders acquired 1,024,676 shares of company stock worth $99,249,252 in the last quarter. 4.47% 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.