Sirius Real Estate (LON:SRE) Stock Passes Above 50 Day Moving Average – Time to Sell?

Shares of Sirius Real Estate Limited (LON:SRE) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Analyst Ratings Changes

SRE has been the subject of several research analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued 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 target price on shares of Sirius Real Estate in a research report on Tuesday, June 2nd. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 110 price target on shares of Sirius Real Estate in a research report on Thursday, June 11th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sirius Real Estate presently has an average rating of “Buy” and an average price target of GBX 123.80.

Sirius Real Estate Stock Down 2.1%

The company has a market cap of £1.53 billion, a price-to-earnings ratio of 6.50 and a beta of 1.18. 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 business has a 50-day simple moving average of GBX 99.40 and a two-hundred day simple moving average of GBX 98.86.

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.