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

Sirius Real Estate Limited (LON:SRE)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 99.33 and traded as high as GBX 99.95. Sirius Real Estate shares last traded at GBX 97.92, with a volume of 1,957,279 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SRE shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 120 price objective on shares of Sirius Real Estate in a report on Tuesday, June 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 110 price target on shares of Sirius Real Estate in a research report on Thursday, June 11th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 134 price target on shares of Sirius Real Estate in a research report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 123.80.

Sirius Real Estate Trading Down 0.2%

The company has a debt-to-equity ratio of 76.76, a current ratio of 0.92 and a quick ratio of 1.49. The business’s 50-day moving average price is GBX 99.33 and its two-hundred day moving average price is GBX 98.85. The company has a market capitalization of £1.54 billion, a price-to-earnings ratio of 6.57 and a beta of 1.18.

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.