Sirius Real Estate (LON:SRE) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Sirius Real Estate Limited (LON:SRE) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 97.25 and traded as high as GBX 101.91. Sirius Real Estate shares last traded at GBX 101.70, with a volume of 8,037,164 shares trading hands.

Analyst Ratings Changes

Several analysts recently commented on SRE shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Sirius Real Estate from GBX 115 to GBX 120 and gave the stock a “buy” rating in a report on Friday, December 5th. Peel Hunt restated a “buy” rating and set a GBX 125 price target on shares of Sirius Real Estate in a research note on Tuesday, November 18th. Berenberg Bank increased their price objective on shares of Sirius Real Estate from GBX 133 to GBX 136 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Panmure Gordon raised their price objective on shares of Sirius Real Estate from GBX 125 to GBX 130 and gave the stock a “buy” rating in a report on Monday, November 24th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 127.75.

Sirius Real Estate Stock Up 0.3%

The company has a quick ratio of 1.49, a current ratio of 6.55 and a debt-to-equity ratio of 60.06. The company has a fifty day simple moving average of GBX 97.25 and a 200-day simple moving average of GBX 98.80. The firm has a market cap of £1.54 billion, a P/E ratio of 7.38 and a beta of 1.18.

Insider Buying and Selling

In other Sirius Real Estate news, insider Andrew Coombs sold 250,000 shares of Sirius Real Estate stock in a transaction that occurred on Monday, January 19th. The shares were sold at an average price of GBX 101, for a total transaction of £252,500. Also, insider Deborah Davis acquired 20,000 shares of Sirius Real Estate stock in a transaction dated Monday, November 24th. The stock was purchased at an average cost of GBX 95 per share, with a total value of £19,000. Insiders own 4.57% 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.