Sirius Real Estate (LON:SRE) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Sirius Real Estate Limited (LON:SRE)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 98.69 and traded as low as GBX 91.35. Sirius Real Estate shares last traded at GBX 93.28, with a volume of 7,520,089 shares trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Berenberg Bank boosted their target price on Sirius Real Estate from GBX 133 to GBX 136 and gave the stock a “buy” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of GBX 127.75.

Sirius Real Estate Stock Performance

The company’s 50-day moving average price is GBX 100.42 and its two-hundred day moving average price is GBX 98.65. The company has a market cap of £1.51 billion, a P/E ratio of 6.89 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 Buying and Selling

In other Sirius Real Estate news, insider Andrew Coombs purchased 49,019 shares of the firm’s stock in a transaction on Monday, February 16th. The shares were purchased at an average price of GBX 102 per share, for a total transaction of £49,999.38. Also, insider Chris Bowman purchased 14,705 shares of the company’s stock in a transaction on Monday, February 16th. The stock was bought at an average cost of GBX 102 per share, for a total transaction of £14,999.10. Over the last ninety days, insiders acquired 88,233 shares of company stock worth $8,999,766. Corporate insiders own 4.36% 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.