Sirius Real Estate (LON:SRE) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Sirius Real Estate Limited (LON:SRE) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of GBX 92.53 and traded as high as GBX 95.53. Sirius Real Estate shares last traded at GBX 95.20, with a volume of 7,307,053 shares.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 125 target price on shares of Sirius Real Estate in a research note on Monday, October 12th. Jefferies Financial Group cut their target price on shares of Sirius Real Estate from GBX 108 to GBX 18 and set a “buy” rating for the company in a research report on Thursday, October 15th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 134 price target on shares of Sirius Real Estate in a report on Monday, October 5th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 105.40.

Sirius Real Estate Stock Performance

The firm’s fifty day moving average price is GBX 92.49 and its 200-day moving average price is GBX 96.51. The company has a current ratio of 0.92, a quick ratio of 1.49 and a debt-to-equity ratio of 76.76. The company has a market cap of £1.50 billion, a P/E ratio of 6.37 and a beta of 1.20.

Insider Buying and Selling

In other news, insider Andrew Coombs purchased 100,000 shares of the stock in a transaction that occurred on Thursday, September 24th. The shares were purchased at an average cost of GBX 90 per share, for a total transaction of £90,000. Also, insider Chris Bowman purchased 1,746 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of GBX 97 per share, for a total transaction of £1,693.62. Insiders have bought a total of 419,861 shares of company stock valued at $39,818,799 over the last three months. 4.47% of the stock is owned by corporate insiders.

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.