Sirius Real Estate (LON:SRE) Share Price Passes Below 200 Day Moving Average – What’s Next?

Sirius Real Estate Limited (LON:SRE)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 98.69 and traded as low as GBX 91.35. Sirius Real Estate shares last traded at GBX 93.28, with a volume of 7,520,089 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SRE shares. Berenberg Bank lifted their price objective on shares of Sirius Real Estate from GBX 133 to GBX 136 and gave the company a “buy” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sirius Real Estate currently has a consensus rating of “Buy” and a consensus price target of GBX 127.75.

Sirius Real Estate Stock 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 stock has a market capitalization of £1.51 billion, a PE ratio of 6.90 and a beta of 1.16. The firm has a 50 day moving average price of GBX 100.61 and a 200-day moving average price of GBX 98.69.

Insider Activity

In other Sirius Real Estate news, insider Chris Bowman acquired 14,705 shares of the business’s stock in a transaction dated Monday, February 16th. The stock was acquired at an average cost of GBX 102 per share, for a total transaction of £14,999.10. Also, insider Kelly Cleveland purchased 24,509 shares of the business’s stock in a transaction that occurred on Monday, February 16th. The stock was bought at an average cost of GBX 102 per share, with a total value of £24,999.18. Insiders bought a total of 88,233 shares of company stock valued at $8,999,766 in the last three months. 4.36% of the stock is currently owned by corporate 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.