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

Sirius Real Estate Limited (LON:SRE)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 97.91 and traded as low as GBX 92. Sirius Real Estate shares last traded at GBX 94.30, with a volume of 875,066 shares trading hands.

Analysts Set New Price Targets

SRE has been the topic of several recent analyst reports. Berenberg Bank reduced their target price on shares of Sirius Real Estate from GBX 134 to GBX 133 and set a “buy” rating on the stock in a research note on Monday, November 17th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Sirius Real Estate from GBX 115 to GBX 120 and gave the company a “buy” rating in a research report on Friday, December 5th. 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. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 125 target price on shares of Sirius Real Estate in a research note on Tuesday, November 18th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Sirius Real Estate currently has an average rating of “Buy” and a consensus target price of GBX 127.

Sirius Real Estate Trading Up 0.5%

The company has a current ratio of 6.55, a quick ratio of 1.49 and a debt-to-equity ratio of 60.06. The stock has a market cap of £1.43 billion, a P/E ratio of 6.86 and a beta of 1.18. The business’s fifty day simple moving average is GBX 97.91 and its 200 day simple moving average is GBX 98.19.

Insider Buying and Selling

In related news, insider Andrew Coombs acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of GBX 96 per share, for a total transaction of £48,000. Also, insider Deborah Davis acquired 20,000 shares of Sirius Real Estate stock in a transaction on Monday, November 24th. The shares were purchased at an average cost of GBX 95 per share, for a total transaction of £19,000. Company insiders own 4.59% 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.