Sirius Real Estate (LON:SRE) Shares Pass Above Fifty Day Moving Average – What’s Next?

Sirius Real Estate Limited (LON:SRE) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 100.19 and traded as high as GBX 101.90. Sirius Real Estate shares last traded at GBX 100.66, with a volume of 3,826,461 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price objective 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 analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 127.75.

Sirius Real Estate Trading Down 0.5%

The business has a 50-day moving average price of GBX 100.19 and a two-hundred day moving average price of GBX 98.64. The stock has a market capitalization of £1.57 billion, a P/E ratio of 7.20 and a beta of 1.16. The company has a current ratio of 0.93, a quick ratio of 1.49 and a debt-to-equity ratio of 85.07.

Insider Activity

In related news, insider Kelly Cleveland bought 24,509 shares of the business’s stock in a transaction dated Monday, February 16th. The stock was purchased at an average cost of GBX 102 per share, for a total transaction of £24,999.18. Also, insider Chris Bowman bought 14,705 shares of the business’s stock in a transaction dated Monday, February 16th. The shares were bought at an average price of GBX 102 per share, with a total value of £14,999.10. In the last three months, insiders purchased 88,233 shares of company stock worth $8,999,766. 4.36% 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.