Sirius Real Estate (LON:SRE) Share Price Passes Above 50-Day Moving Average – What’s Next?

Sirius Real Estate Limited (LON:SRE) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 97.71 and traded as high as GBX 99.35. Sirius Real Estate shares last traded at GBX 97.60, with a volume of 1,857,435 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SRE. Berenberg Bank reiterated a “buy” rating and set a GBX 134 price objective on shares of Sirius Real Estate in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 120 price target on shares of Sirius Real Estate in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 110 price target on shares of Sirius Real Estate in a research note on Thursday, June 25th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 123.80.

Sirius Real Estate Stock Performance

The stock has a 50 day simple moving average of GBX 97.67 and a 200 day simple moving average of GBX 99.26. 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 company has a market cap of £1.54 billion, a price-to-earnings ratio of 6.55 and a beta of 1.20.

Insider Buying and Selling

In related news, insider Chris Bowman purchased 736,514 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average price of GBX 97 per share, for a total transaction of £714,418.58. Company insiders own 4.41% 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.