Sirius Real Estate (LON:SRE) Shares Cross Below 200 Day Moving Average – Time to Sell?

Sirius Real Estate Limited (LON:SRE)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 99.08 and traded as low as GBX 96.30. Sirius Real Estate shares last traded at GBX 97.60, with a volume of 3,886,009 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SRE. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 114 price objective on shares of Sirius Real Estate in a research note on Tuesday, April 14th. Berenberg Bank boosted their target price on shares of Sirius Real Estate from GBX 133 to GBX 136 and gave the stock a “buy” rating in a research report on Monday, January 26th. 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 a consensus target price of GBX 125.

Sirius Real Estate Price Performance

The company has a quick ratio of 1.49, a current ratio of 0.93 and a debt-to-equity ratio of 85.07. The company’s 50-day simple moving average is GBX 98.49 and its 200 day simple moving average is GBX 99.08. The company has a market capitalization of £1.54 billion, a P/E ratio of 7.06 and a beta of 1.18.

Insiders Place Their Bets

In other Sirius Real Estate news, insider Andrew Coombs bought 49,019 shares of Sirius Real Estate stock in a transaction dated Monday, February 16th. The shares were bought at an average price of GBX 102 per share, with a total value of £49,999.38. Also, insider Kelly Cleveland acquired 24,509 shares of Sirius Real Estate stock in a transaction that occurred on Monday, February 16th. The shares were purchased at an average cost of GBX 102 per share, for a total transaction of £24,999.18. Insiders have purchased a total of 88,233 shares of company stock valued at $8,999,766 in the last 90 days. 4.36% of the stock is currently owned by 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.