Sirius Real Estate (LON:SRE) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Sirius Real Estate Limited (LON:SRE)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty 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.

Wall Street Analyst Weigh In

A number of brokerages have commented on SRE. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 120 price objective on shares of Sirius Real Estate in a research report on Tuesday, June 2nd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 110 price target on shares of Sirius Real Estate in a research note on Thursday, June 25th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 134 target price on shares of Sirius Real Estate in a research note on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sirius Real Estate has an average rating of “Buy” and a consensus price target of GBX 123.80.

Sirius Real Estate Price Performance

The stock has a fifty day moving average of GBX 97.71 and a two-hundred day moving average of GBX 99.25. The stock has a market cap of £1.54 billion, a price-to-earnings ratio of 6.54 and a beta of 1.20. The company has a quick ratio of 1.49, a current ratio of 0.92 and a debt-to-equity ratio of 76.76.

Insider Activity

In related news, insider Chris Bowman purchased 736,514 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was acquired at an average price of GBX 97 per share, for a total transaction of £714,418.58. 4.41% of the stock is owned by corporate insiders.

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.