Sirius Real Estate (LON:SRE) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Sirius Real Estate Limited (LON:SRE) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 96.99 and traded as high as GBX 99.20. Sirius Real Estate shares last traded at GBX 97.85, with a volume of 2,586,499 shares traded.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SRE. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Sirius Real Estate from GBX 115 to GBX 120 and gave the stock a “buy” rating in a research note on Friday, December 5th. Berenberg Bank lifted their price objective on Sirius Real Estate from GBX 133 to GBX 136 and gave the stock a “buy” rating in a research report on Monday, January 26th. Peel Hunt restated a “buy” rating and set a GBX 125 target price on shares of Sirius Real Estate in a research report on Tuesday, November 18th. Finally, Panmure Gordon raised their target price on Sirius Real Estate from GBX 125 to GBX 130 and gave the stock a “buy” rating in a research note on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 127.75.

Sirius Real Estate Stock Performance

The company has a debt-to-equity ratio of 60.06, a quick ratio of 1.49 and a current ratio of 6.55. The company has a 50 day moving average price of GBX 96.99 and a 200 day moving average price of GBX 98.78. The company has a market capitalization of £1.48 billion, a price-to-earnings ratio of 7.10 and a beta of 1.18.

Insider Buying and Selling

In other news, insider Deborah Davis acquired 20,000 shares of Sirius Real Estate stock in a transaction 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 sold 250,000 shares of the company’s stock in a transaction that occurred on Monday, January 19th. The stock was sold at an average price of GBX 101, for a total value of £252,500. Company insiders own 4.59% of the company’s stock.

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.