Sirius Real Estate (LON:SRE) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Sirius Real Estate Limited (LON:SRE) shares passed 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.

Wall Street Analysts Forecast Growth

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

Sirius Real Estate Trading Up 0.3%

The firm has a market capitalization of £1.54 billion, a PE ratio of 7.38 and a beta of 1.18. The firm has a 50 day simple moving average of GBX 97.25 and a 200 day simple moving average of GBX 98.80. The company has a current ratio of 6.55, a quick ratio of 1.49 and a debt-to-equity ratio of 60.06.

Insider Activity

In other Sirius Real Estate news, insider Andrew Coombs sold 250,000 shares of the business’s stock in a transaction dated Monday, January 19th. The stock was sold at an average price of GBX 101, for a total value of £252,500. Also, insider Deborah Davis bought 20,000 shares of the stock in a transaction on Monday, November 24th. The shares were bought at an average price of GBX 95 per share, for a total transaction of £19,000. 4.57% of the stock is currently owned by company insiders.

About Sirius Real Estate

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.