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

Sirius Real Estate Limited (LON:SRE) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 97.91 and traded as low as GBX 92. Sirius Real Estate shares last traded at GBX 94.30, with a volume of 875,066 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Panmure Gordon lifted their price target on Sirius Real Estate from GBX 125 to GBX 130 and gave the stock a “buy” rating in a research report on Monday, November 24th. Peel Hunt reaffirmed a “buy” rating and set a GBX 125 target price on shares of Sirius Real Estate in a research report on Tuesday, November 18th. Berenberg Bank reduced their price target on shares of Sirius Real Estate from GBX 134 to GBX 133 and set a “buy” rating for the company in a report on Monday, November 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Sirius Real Estate from GBX 115 to GBX 120 and gave the stock a “buy” rating in a research report on Friday, December 5th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 127.

Sirius Real Estate Stock Up 0.5%

The firm has a market capitalization of £1.43 billion, a price-to-earnings ratio of 6.86 and a beta of 1.18. The business has a 50 day moving average of GBX 97.91 and a 200 day moving average of GBX 98.19. The company has a debt-to-equity ratio of 60.06, a current ratio of 6.55 and a quick ratio of 1.49.

Insider Transactions at Sirius Real Estate

In other Sirius Real Estate news, insider Deborah Davis purchased 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of GBX 95 per share, with a total value of £19,000. Also, insider Andrew Coombs acquired 50,000 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of GBX 96 per share, for a total transaction of £48,000. 4.59% of the stock is currently owned by company 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.